馃嚥馃嚘MoroccoNorth Africa
OCP completes 5 billion dirham bond issuance
via Le Matin1 min read
OCP has finalized a 5 billion dirham bond issuance. The results show that 4.225 billion dirhams were allocated to collective investment schemes in transferable securities OPCVM, 500 million dirhams to a retirement and pension organization, and 275 million dirhams to insurance and reinsurance companies. According to OCP's statement published on the Moroccan Capital Market Authority AMMC website, 3.935 billion dirhams were allocated to tranche A, which has an annually revisable interest rate. Tranche B received 360 million dirhams with an interest rate revisable every 6 years, tranche C received 460 million dirhams with an interest rate revisable every 12 years, and 245 million dirhams were allocated to a tranche with an interest rate revisable every 20 years.
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