Middle East Economic Survey
IFC Launches MD1Bn Bond Issue In Morocco
The International Finance Corporation (IFC), the private sector arm of the World Bank, has launched MD1bn ($116mn) in bonds on the Casablanca Stock Exchange (CSE). The bonds are targeted at domestic institutional investors, and the proceeds will be used for general operations of the IFC. The seven-year bonds carry a coupon of 4.54% and were distributed to more than 20 investors (including...