Bond Morocque 0% ( MA0002015461 ) in MAD

Issuer	Morocque
Market price	100 % ⇌
Country	Morocco
ISIN code	MA0002015461 ( in MAD )
Interest rate	0%
Maturity	20/01/2020 - Bond has expired
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Minimal amount	100 000 MAD
Total amount	50 000 000 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. A specific sovereign bond issued by the Kingdom of Morocco, identified under the ISIN code MA0002015461, has successfully reached its maturity date of January 20, 2020, and has subsequently been fully repaid. The Kingdom of Morocco, a sovereign issuer recognized for its stable economic policies and strategic geographical position in North Africa, regularly accesses capital markets to finance national infrastructure projects and public services. This particular debt instrument, denominated in Moroccan Dirham (MAD), was characterized as a zero-coupon bond, notably featuring an interest rate of 0%, meaning investors did not receive periodic interest payments but rather purchased the bond at a discount to its face value, with the expectation of receiving the full par value upon maturity. The total initial size of this bond issuance was MAD 50,000,000, with a minimum investment threshold set at MAD 100,000. At its maturity, the bond's market price was recorded at 100% of its nominal value, confirming its full redemption and the return of principal to bondholders.