Morocco brings rare CEEMEA sovereign bond in euros

AdobeStock_Morocco_575x375_24Sept2020
By Mariam Meskin
24 Sep 2020

The Kingdom of Morocco, an infrequent emerging market issuer that some investors have been watching for, launched a euro bond on Thursday, its second in two years.

The dual tranche Reg S/144A unsecured benchmark deal was launched on Thursday morning. It has long five and 10 year tranches, with March 2026 and September 2030 maturities.

Initial price thoughts were 200bp and 250bp over mid-swaps. Final terms on Thursday afternoon hit 190bp and 240bp over ...

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