Tengrinews TV Радио Tengri FM Радио Жұлдыз FM Laws of Kazakhstan
KZ RU EN
Write us +7 (727) 388 8020 +7 (717) 254 2710
искать через Tengrinews.kz
искать через Google
искать через Yandex
USD / KZT - 316.56
EUR / KZT - 342.14
CNY / KZT - 45.99
RUB / KZT - 5.52

Morocco raises 1bn euro bond on international market

14 june 2014, 16:16
0
Morocco Finance Minister Mohamed Boussaid. Photo courtesy of moroccoworldnews.com
Morocco Finance Minister Mohamed Boussaid. Photo courtesy of moroccoworldnews.com

Morocco has raised one billion euros ($0.7 billion) on the international market in a 10-year bond at 3.5 percent, AFP reports citing Finance Minister Mohamed Boussaid.

The bond marks the kingdom's "return" to the Euro market and involves British, French, German, Gulf Arab and other investors, Boussaid told AFP.

The 3.5 percent loan rate is less than that obtained on the dollar market in 2012-2013, showing the "confidence in Morocco's economic and political stability," he said.

Boussaid said Rabat had taken out the bond because "market conditions allow it to consider this venture with much confidence".

The kingdom showed during the global financial crisis that it had a "resilient economy" and had begun reforming and consolidating its public finances, Boussaid said.


Нравится
Add comment
Most Read
Most Discussed
Today
Week
Month