MOROCCO

Morocco twice oversubscribed a €1bn bond issue with a one year maturity and a coupon of 3.5% which closed on 13 June in London. The issue was the first to be euro-denominated, a move Finance Minister Muhammad Boussaid says was intended to diversify its investor base, following dollar-denominated debt issues in recent years. Morocco has no further need for international bond issues in the next few months due to the support for his country from multilateral lenders like the World...