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.
Egyptian Foreign Minister Badr Abdel Aaty and US Secretary of State Antony Blinken held a phone conversation on Sunday to discuss the latest developments in Gaza and Syria, emphasizing efforts to promote peace and provide humanitarian relief in the region.
An Airbus A321 operated by Ural Airlines, en route to Yekaterinburg, Russia, made an emergency landing at Sharm El Sheikh International Airport in Egypt on Friday evening due to a sudden technical malfunction, according to a report by the Russian news agency TASS citing Egypt's Ministry of Civil Aviation.
An Israeli delegation departed for Qatar on Friday to continue indirect negotiations with Hamas over the release of hostages and a potential ceasefire.
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