Middle East Economic Survey
VOL. XLVIII
No 7
14-February-2005
morocco
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...
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