Financial And Banking News


Moroccan Bond Issue Oversubscribed

The 'National Loan' issue in Morocco (MEES 14 October) has exceeded its original Dh500mn target and raised a total of Dhl.65bn ($167mn), according to a statement by King Hasan last week. 35% of the amount has been subscribed by individuals. The bonds mature in three years and carry a 14t coupon, with denominations of Dh1,000, Dh5,000 and Dh100,000.