Global Economy
Global Economy
Morocco Treasury Raises 660 Million Dirhams in June 24 Bond Auction
The Moroccan Treasury reported that it placed a total of 660 million dirhams in government securities during the June 24 auction, while investor demand peaked at 1.89 billion dirhams. The issue consisted of equal parts 52‑week bills and 2‑year bonds, carrying yields of 2.217% and 2.361% respectively, with settlement slated for the following Monday.
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June 24 Treasury Bond Auction Highlights
The Moroccan Treasury announced that it successfully placed 660 million dirhams (MDH) of government securities, against a total investor demand of 1.89 billion dirhams (MMDH) in the latest auction.
- 52‑week (10‑month) bills: 330 MDH at a yield of 2.217%.
- 2‑year bonds: 330 MDH at a yield of 2.361%.
Settlement of the subscribed securities is scheduled for the coming Monday.