VOL. XLII

No. 13

29-MARCH-1999

MOROCCO

Morocco Launches Euro-denominated Eurobond

Following the suspension of a planned Eurobond issue lastyear and in a move to reduce its crippling debt servicing burden, Morocco hastapped capital markets with a Eurobond offering worth Euro138.7mn on 22 March.The Eurobond, which is partly guaranteed by Agence Fran軋ise de Developpement(AFD) and underwritten by Credit Commercial de France (CCF), is expected to bethe first of new moves from the Moroccan Government...