Morocco Mulls Sovereign Bond Issue
JP Morgan and Merrill Lynch have been selected as arrangers of Morocco's inauguralforay onto the international capital market, according to a Reuters report fromCasablanca, citing an unnamed senior Moroccan banker. The banker said a $300mn issue was"imminent." Morocco is rated Ba1 by Moody's and BB by Standard and Poor's (MEES,11 May).
.And Postpones The Sale Of BNDE
The Moroccan authorities have also decided to postpone the...