Bonds
Morocco Plans Euro Debt in First Foreign Bond Sale in Two Years
- North African nation raising funds for reforms, World Cup
- Finance minister says Morocco needs ‘euros more than dollars’
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Morocco is planning to sell bonds on the international market for the first time since 2023 as it readies costly reforms and a multi-billion dollar spending spree ahead of co-hosting the football World Cup in 2030.
The issue will most likely be in euros, Finance and Economy Minister Nadia Fettah Alaoui said in an interview at a conference in AlUla, Saudi Arabia. That will make it the government’s first bond denominated in the European common currency since 2020, after a dollar sale two years ago.