Bond Morocque 0% ( MA0002016733 ) in MAD

Issuer Morocque
Market price 100 %  ⇌ 
Country  Morocco
ISIN code  MA0002016733 ( in MAD )
Interest rate 0%
Maturity 14/03/2022 - Bond has expired



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Minimal amount 100 000 MAD
Total amount 200 000 000 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 Detailed Look at the Moroccan Sovereign Bond MA0002016733 Upon Its Maturity** The Kingdom of Morocco, a sovereign issuer known for its stable economic policies and diversified financial market participation, recently saw the successful maturity and reimbursement of one of its domestic bonds. This specific debt instrument, identified by its ISIN code MA0002016733, was an obligation issued and denominated in Moroccan Dirhams (MAD), reflecting the government's strategy to finance its public expenditure and development projects through local market instruments. The issuer, the Moroccan government itself, is a key player in the North African economic landscape, committed to a reform agenda aimed at strengthening its resilience and competitiveness across sectors like agriculture, tourism, and industry. The bond, which carried a nominal interest rate of 0%, was part of a total issuance valued at MAD 200,000,000. While a zero-coupon bond implies that investors accrue their return from the difference between a discounted purchase price and the full face value received at maturity, the information provided indicates the bond's current market price at 100% at the time of its reimbursement, confirming its redemption at par. The minimum purchase size for this bond was set at MAD 100,000, making it accessible to a range of institutional and potentially sophisticated individual investors within the Moroccan financial ecosystem. The bond reached its full maturity on March 14, 2022, adhering to its pre-defined redemption schedule. The 'Payment Frequency: 1' indicates a single principal repayment at maturity, typical for such instruments where no periodic coupon distributions are specified. The successful maturity and reimbursement of this bond underscore Morocco's continued commitment to meeting its financial obligations and maintaining robust debt management practices, reinforcing investor confidence in its sovereign debt.