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.
Morocco's royal palace on Tuesday declared October 31 starting next year as a national holiday marking the adoption of a U.N. Security Council resolution backing the North African country's autonomy plan for Western Sahara.
Sudan’s pro-army government has called on the international community to take urgent and concrete action against the United Arab Emirates, which it accuses of supplying weapons and fighters to the Rapid Support Forces (RSF), the paramilitary group locked in a devastating civil war with the national army since April 2023.
At a clinic in Sudan's North Darfur where dozens of bony children lie on cots and men with bandaged wounds await surgery, patients described a desperate escape from the city of al-Fashir as it was captured last week by a paramilitary force.
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.