VOL. XLI

No. 20

18-May-1998

MOROCCO

Moroccan Debut Eurobond Expected July Or September

The Moroccan Government is currently studying proposals from international banks,including JP Morgan, Merrill Lynch and Paribas, on the structure and size of the country'sdebut sovereign bond. The government is expected to nominate a lead-manager for the issueby end-May and the bond is expected to come to market sometime in either July or September1998, MEES was told. Morocco is rated Ba1/Ba2/Not-Prime by...