Morocco racks up €3.5bn book by guidance

By Ross Lancaster
21 Nov 2019

The Kingdom of Morocco moved from roadshow to deal execution on Thursday with a 12 year bond that looked set for tight pricing.

The BBB-/BBB- rated issuer had roadshowed for the RegS/144A euro deal this week. On Thursday it announced a 12 year benchmark trade.

Joint lead managers Barclays, BNP Paribas, JP Morgan and Natixis gave initial price thoughts in the 2% area.

An EM fund ...

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