Morocco sells 2 billion euros in dual-tranche bond, sources say

Published: 2025-03-26 19:18:14 ET C

RABAT, March 26 (Reuters) - The Moroccan government raised on Wednesday 2 billion euros ($2.15 billion) in a dual-tranche bond sale of 4 and 10 years, to support its investment push ahead of the 2030 World Cup it will co-host with Portugal and Spain, two sources said.

The bond issue took place following investor presentations that began on Monday, the sources said requesting anonymity because they were not authorized to officially comment on the matter.

The finance ministry has not communicated officially about the roadshow nor the bond sale, the country's first euro-denominated offering since 2020.

Morocco had mandated BNP Paribas, Deutsche Bank, JP Morgan and Citigroup for the bond sale, the sources said.

The country has unrolled an investment programme to upgrade its airports and railway infrastructure and hotels, as many cities are undergoing facelifts ahead of the global soccer tournament. ($1 = 0.9313 euros) (Reporting by Ahmed Eljechtimi; Editing by Kim Coghill)