Financial and Banking News


Morocco Issues Public Bonds 

The Moroccan government has announced the issue of Dh500mn ($50.4mn) of bonds to be issued to the public. The 'National Loan' is denominated in Dh1,000, Dh5,000 and Dh100,000 units, and has a three year maturity and a 14% coupon. This is the first time such an instrument has been issued in Morocco, for while the Casablanca stock exchange is one of the oldest capital markets in the Arab world, the...