VOL. XL
No. 39
29-September-1997
MOROCCO
Morocco Launches Sovereign Loan
Commerzbank and Sumitomo are in the process of lead-arranging Morocco's $200mn debut inthe international syndicated loan market. The five-year loan has been priced at 45bps overLIBOR and is being sold down in tranches of $25mn. Morocco is not currently rated byeither of the big credit rating agencies. The pricing and reception of the deal will actas a benchmark for the $1bn Jorf Lasfar power station project financing,...
Please log in to read the rest of this story.
You may purchase access to entire
MEES digital archives by subscribing.
This subscription gives you access to all the content of MEES digital archives up to 1978!