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Sovereign Wealth Funds Briefing - Categorized | Asset Allocation

Morocco confirms $1 bln sovereign bond for October

Posted on 09 August 2012

Morocco plans to sell a sovereign bond worth $1 billion in October to help finance budgeted investment plans. “We have decided to sell sovereign bonds worth 700 million euros or $1 billion in October,” Budget Minister Idriss Azami al-Idrissi said.
Last week, King Mohammed urged his government to tap financing from Gulf Arab sovereign wealth funds to help with projects Morocco hopes will help it meet pressing social needs. Idrissi however said Rabat’s likely intention to have the issue denominated in U.S. dollar does not aim to address exclusively preferences of the Gulf Arab region…………………………………………Full Article: Source


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