Morocco is preparing a new international debt issuance in euros, according to market sources. The Kingdom plans a benchmark eurobond offering structured around two maturities: an 8-year tranche and a 12-year tranche.
Initial price guidance for the 8-year tranche is set in the mid-swaps plus 130 basis points area, while the 12-year tranche is expected in the mid-swaps plus 160 basis points area. The exact size of the issuance has not been disclosed.
This move comes as Morocco seeks to finance its budget deficit and support economic recovery. The country has a history of accessing international capital markets, with its last eurobond issuance in 2024.
The transaction is being managed by a syndicate of international banks, including BNP Paribas, Citigroup, and Société Générale. The bonds are expected to be listed on the London Stock Exchange.
