VOL. XLI
No. 07
16-February-1998
MOROCCO
Moroccan Corporate Debt Scene Set For Growth
The Moroccan corporate debt market is gaining momentum with 12 issues launched sinceJuly 1997. The latest issue (see table overleaf), a Dh400mn ($41.1mn), 3-year fixed-ratemedium-term note from consumer credit firm Sofac Credit raises the total value of Moroccancorporate debt to just over Dh4bn ($421mn). Sofac Credit hopes to sell down $200mn of itsrecent issue on the foreign market via US Citibank. An...
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