Moroccan phosphate producer Office Cherifien des Phosphates (OCP) 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 May 2 to 4 investment programme worth MAD200bn. OCP is a major earner of foreign currency for Morocco.
Moroccan phosphate producer Office Cherifien des Phosphates (OCP) 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. OCP is a major earner of foreign currency for Morocco.