RABAT, April 24 (Reuters) - Moroccan phosphate producer Office Cherifien des Phosphates (OCP) is looking to raise 5 billion dirhams ($541.68 million)through a domestic subordinated perpetual bond to diversify financing sources, bourse regulator AMMC said on Tuesday. Subscription for the OCP bond will take place from May 2 to 4, the regulator said in a statement. State-run OCP, a major earner of foreign currency for Morocco, said in a statement the bond would help diversify the financing of the 2008-2030 investment programme worth 200 billion dirhams. ($1 = 9.2342 Moroccan dirham) (Reporting by Ahmed Eljechtimi Editing by Ulf Laessing and Louise Heavens)
Moroccan phosphate producer Office Cherifien des Phosphates (OCP) is seeking to raise MAD5bn (9.2342 Moroccan dirham) through a domestic subordinated perpetual bond, according to stock market regulator AMMC. The state-run company said the bond would help to diversify the financing of the 2008-2030 investment programme worth MAD200bn. OCP is a major earner of foreign currency for Morocco.