Morocco’s OCP Group raises $2 billion from bonds sale – The North Africa Post

North Africa Post

Morocco’s OCP Group raises $2 billion from bonds sale – The North Africa Post

Morocco’s state-owned OCP group has successfully raised $2 billion from Eurobonds sale which attracted massive investor interest, exceeding $6.2 billion, or 3.1 times the amount offered. According to press reports, the world phosphate and fertilizer giant issued 10-year and 30 year-bonds with interest rates of 6.75% and 7.5% respectively. The raised money will help the […]