Morocco: bonds

Morocco is a country located in North Africa.
Area – 446 550 sq.km (57th).
Population – 31,4 mln. (37th)
The capital is Rabat.
Official language – Arabic.
Local currency – Moroccan dirham (MAD).
Government – Constitutional monarchy.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
MAD 51 313 467 700 000
EUR 3 2 500 000 000
USD 2 2 250 000 000
corporate
MAD 109 95 881 500 000
USD 4 3 150 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Dagong Credit *** International scale rating (foreign curr.) ***
Dagong Credit *** International scale rating (local curr.) ***
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
S&P Global Ratings *** Foreign Currency LT ***
S&P Global Ratings *** Local Currency LT ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
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Latest bond issues

issue ISIN coupon volume end of placement maturity date
OCP SA, 4.5% 22oct2025, USD - International bonds XS1221677120 4.5% 1 000 000 000  USD 04/15/2015 10/22/2025
Morocco, 3.5% 19jun2024, EUR - International bonds XS1079233810 3.5% 1 000 000 000  EUR 06/13/2014 06/19/2024
OCP SA, 6.875% 25apr2044, USD - International bonds XS1061043367 6.875% 600 000 000  USD 04/28/2014 04/25/2044
OCP SA, 5.625% 25apr2024, USD - International bonds XS1061043011 5.625% 1 250 000 000  USD 04/16/2014 04/25/2024
BMCE Bank, 6.25% 27nov2018, USD - International bonds XS0998123037 6.25% 300 000 000  USD 11/21/2013 11/27/2018
Morocco, 4.250% 11dec2022, USD - International bonds XS0850020586 4.25% 1 500 000 000  USD 05/22/2013 12/11/2022
Morocco, 5.50% 11dec2042, USD - International bonds XS0864259717 5.5% 750 000 000  USD 05/22/2013 12/11/2042
Morocco, 4.50% 5oct2020, EUR - International bonds XS0546649822 4.5% 1 000 000 000  EUR 09/28/2010 10/05/2020
Morocco, 5.375% 27jun2017, EUR - International bonds XS0307883891 5.375% 500 000 000  EUR 06/27/2007 06/27/2017

World Bond market statistics

Quarterly indices

Type IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015 II 2015
BIS volume of international-bond market of emerging countries
Moroccan international bonds, USD bln 8.200 8.000 8.000 8.100 8.000 8.100 8.000
BIS net issues of international-bond market of emerging countries
International-bond net issue of Morocco, USD bln 0.300     -0.100 0.000 0.200 1.000

Currencies

Daily indices

Type: 05/19/2017 05/18/2017 05/17/2017 05/16/2017 05/15/2017 05/12/2017 05/11/2017
Exchange Rates (Emerging Markets)
USD/MAD 9.7527 9.8106 9.7864 9.8155 9.8803 9.9067 9.9411
show other indices

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Morocco, 3.5% 19jun2024, EUR   EUR 06/19/2024 05/18/2016 ***.* *.* 05/18/2016 ***.** *.**
Morocco, 4.250% 11dec2022, USD   USD 12/11/2022 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
Morocco, 4.50% 5oct2020, EUR   EUR 10/05/2020 05/18/2016 *** *.** 05/18/2016 ***.** *.**
Morocco, 5.375% 27jun2017, EUR   EUR 06/27/2017 05/18/2016 ***.* *.** 05/18/2016 *** -*.**
Morocco, 5.50% 11dec2042, USD   USD 12/11/2042 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
BMCE Bank, 6.25% 27nov2018, USD   USD 11/27/2018 05/18/2016 ***.** *.** 05/18/2016 ***.** *.**
OCP SA, 4.5% 22oct2025, USD   USD 10/22/2025 05/18/2016 **.*** *.** 05/18/2016 **.** *.**
OCP SA, 5.625% 25apr2024, USD   USD 04/25/2024 05/18/2016 ***.** *.* 05/18/2016 *** *.**
OCP SA, 6.875% 25apr2044, USD   USD 04/25/2044 05/18/2016 ***.** *.** 05/18/2016 ***.** *.*
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