After having occupied the second place in 2020 in the ranking of Global capital, Morocco is elected for the first time best African issuer on the international financial market for the year 2021.
Morocco won three distinctions in the “Global Capital Bonds Awards 2021” ranking: best international bond issuer in Africa, 2nd best issuer in the “Emerging markets” category and best manager of the international financial market in the Africa region.
These distinctions, underlines the Ministry of the Economy, Finance and the Reform of the administration, confirm the remarkable success of the bond issue issued by Morocco on December 8, 2020 and which marked the return of our country to the dollar compartment after an absence of 7 years.
This issue, which had a volume of 3 billion dollars, was a resounding success with international investors with an order book that exceeded 13.5 billion dollars, thus recording an oversubscription rate of more than 4 times, which made it possible to come out with very favorable financing conditions.
For MEFRA, this crowning also testifies to the confidence of the international investor community in our country and the assets it has. These assets were highlighted during the NetRoadshow conducted with this community of investors by the Minister of the Economy, Finance and Administration Reform with the participation of officials from the Treasury Department and External Finances.
Through this NetRoadshow, the political stability enjoyed by the Kingdom, the resilience of its macroeconomic framework as well as the scope of the reforms carried out under the enlightened leadership of His Majesty the King were highlighted. This NetRoadshow was also an opportunity for investors to inquire about the economic and social measures taken by our country to limit the impact of the effects of the Covid-19 health crisis and boost the recovery of the Moroccan economy.
Note that Global Capital, a London-based company, enjoys an international reputation, in particular for the analysis of financial transactions on international financial markets. It conducts annual rankings, on the basis of market surveys, of the various players according to their sectors of activity, thus enabling them to monitor their performance compared to their peers.