The Moroccan Treasury raised over $700 million in its first bond auction of 2025, achieving its largest issuance since February 2024. The operation attracted robust investor interest, with demand exceeding $1.2 billion, marking a five-month high.
Market optimism amid global challenges © Mena Today
The Moroccan Treasury raised over $700 million in its first bond auction of 2025, achieving its largest issuance since February 2024. The operation attracted robust investor interest, with demand exceeding $1.2 billion, marking a five-month high.
Investor confidence was reflected in a decline in yields across 10, 20, and 30-year maturities, with respective drops of 5, 4, and 22 basis points.
Despite this, the secondary market curve exhibited an upward shift across all maturities, indicating evolving demand for long-term debt and highlighting active market dynamics.
The success of the auction comes as Morocco’s fiscal management remains strong, with a budget deficit estimated at around 4% of GDP in 2024. This solid fiscal position has reinforced the Treasury’s credibility, enabling it to attract investors even in the absence of an official financing requirement for January.
The Treasury’s ability to secure significant funding amid global economic uncertainty underscores growing market confidence in Morocco’s public finances.
The auction’s record-breaking demand and competitive pricing position Morocco as a reliable issuer, further bolstering its standing in the international bond market.
At least 37 people were killed in flash floods triggered by torrential rains on Sunday in Morocco's Atlantic coastal province of Safi, 330 kilometres (205 miles) south of the capital Rabat, Morocco's state-run 2M TV reported on Monday.
China’s Foreign Minister Wang Yi has called on the Gulf Cooperation Council (GCC) to speed up negotiations on a long-discussed free trade agreement with China, citing growing global protectionism and unilateral actions that threaten the principles of free trade.
Clashes erupted for a second night on Saturday between police and youths in the central Tunisian city of Kairouan after a man died following a police chase, according to his family, fuelling authorities’ fears that protests could spread across the country.
To make this website run properly and to improve your experience, we use cookies. For more detailed information, please check our Cookie Policy.
Necessary cookies enable core functionality. The website cannot function properly without these cookies, and can only be disabled by changing your browser preferences.