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Morocco eyes possible dollar bond in Sept/Oct

Posted on 24 May 2012

Morocco is considering a potential dollar-denominated international bond of up to $1 billion in September or October. “It would be our first issue in dollars and give us the opportunity to diversify,” said El Hassan Eddez, deputy director, treasury and external finance at the ministry’s debt office.
Eddez said the government is also mulling issuing Islamic bonds, or sukuk, once the legal framework is in place possibly by next year. Morocco’s government, led since December by the moderate Islamist Justice and Development Party (PJD), outlined in March how it intends to develop Islamic finance in the country………………………………………..Full Article: Source

 
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