Morocco has successfully issued a $3 billion bond on the international financial market, with three separate tranches, the Ministry of Economyannouncedon December 9.The first tranche of the bond has a value of $750 million and a maturity of seven years. It has a price of 99.763%, and a rate of return of 2.412%, or a coupon of 2.375%.The bond’s second tranche is worth $1 billion and has a 12-year maturity. The tranche has a price of 99.570%, and a rate of return of 3.043%, or a coupon of 3%.Meanwhile, the third and final tranche has a value of $1.25 billion and a maturity of 30 years. It has a price of 100%, and a rate of return of 4%, or a coupon of 4%.Today’s issuance is the first time Moro
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