Bond Morocque 2.4% ( MA0002015396 ) in MAD

Issuer	Morocque
Market price	100 % ⇌
Country	Morocco
ISIN code	MA0002015396 ( in MAD )
Interest rate	2.4% per year ( payment 1 time a year)
Maturity	20/09/2021 - Bond has expired
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Minimal amount	100 000 MAD
Total amount	6 680 000 000 MAD
Detailed description	Morocco is a North African country renowned for its rich blend of Arab, Berber, and European cultures, historic cities, and diverse geography stretching from Atlantic and Mediterranean coastlines to the Atlas Mountains and the Sahara Desert. This financial article pertains to a specific government bond, identified by ISIN MA0002015396, issued by the Kingdom of Morocco, a North African sovereign nation actively engaged in economic development and a frequent participant in international capital markets, serving as both the issuing entity and the country of emission; this debt instrument, denominated in Moroccan Dirham (MAD), carried an annual interest rate of 2.4% with payments disbursed once per year, had a total issuance size of MAD 6,680,000,000, and was offered with a minimum subscription amount of MAD 100,000; notably, this obligation matured on September 20, 2021, and has since been fully redeemed at its par value of 100%, thus concluding its lifecycle as a financial asset.