Morocco Weighs $2 Billion in Bond Sales as Virus Sparks Rethink

[MEC213]

Morocco is considering sovereign bond sales of about $2 billion in late September as the coronavirus prompts it to increase its reliance on international debt markets, according to two people familiar with the matter.

The kingdom is pondering one issuance of 1 billion euros ($1.19 billion) and another of $1 billion, each with a maturity of at least five years, the people said, asking not to be identified because they’re not authorized to discuss the matter publicly.

The new Eurobond will either roll over or be used to redeem a previous issue that matures in early October, while the dollar-denominated sale will be used to build up the North African nation’s foreign-currency reserves, they said.


bloomberg

[jawzia]

The kingdom is pondering one issuance of 1 billion euros ($1.19 billion)

Un prêt pour payer un emprunt qui arrive à échéance. Boule de neige.

[pioto]

Un prêt pour payer un emprunt qui arrive à échéance. Boule de neige.

Après q'ils nous ont chanté des mois durant les bienfaits de la LPL des suceurs de la FMI, je me demande comment ils vont s'y prendre cette fois pour vendre les Eurobonds aux bons sujets de sa majesté !