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 OCP (Office Cherifien des Phosphates) is seeking to raise MAD5bn ($538m) 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. Office Cherifien des Phosphates is a major earner of foreign currency for Morocco.