Morocco completes €2.25bn euro-denominated bond sale in two tranches
On 19 May 2026 Morocco completed an international euro-denominated bond issuance totaling €2.25 billion, split into an eight-year €1.25bn tranche and a 12-year €1.0bn tranche, with an aggregate order book of about €5.2bn, according to the finance ministry report.
The desk brief
On 19 May 2026 Morocco completed an international euro-denominated bond issuance totaling €2.25 billion, split into an eight-year €1.25bn tranche and a 12-year €1.0bn tranche, with an aggregate order book of about €5.2bn, according to the finance ministry report.
The completed €2.25bn supply adds benchmark euro paper from a Maghreb sovereign, which can provide fresh regional pricing points for other euro-denominated African issuers and may modestly influence EUR swap spreads and hedging costs for similar-duration issuance. Impact depends on secondary trading, issuance cadence from peers, and demand for euro exposure versus dollar funding.
Monitor secondary-market yields/turnover over the first week and any rating-agency or ministry commentary.
Sources & verification
Developing storyFurther independent confirmation is required.
- Morocco Raises 2.25 Billion Euros on International Markets - en.mcg24.commcg24.comSource published (opens in a new tab)
- Morocco Reportedly Raises €2.25 Billion in International Bond Salemoroccoworldnews.comSource published (opens in a new tab)
Public references supporting this brief.
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- Moroc 27Dec 202796.6255.484%
- Moroc 28Mar 2028100.3755.654%
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- Moroc 33Sept 2033101.6886.193%
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