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Morocco's Treasury Nets DH1.9 bn in 2‑Year T‑Bills as Investor Demand Hits DH11.45 bn
The Moroccan Treasury successfully placed DH1.9 billion of two‑year Treasury bills on 3 February, despite a massive oversubscription that amounted to DH11.45 billion in total applications. The auction was priced at an unchanged 2.732 % yield, indicating a short‑term easing of pressure while demand stays robust, with settlement scheduled for the following Monday. This strong response underscores the continued appetite of investors for short‑term sovereign debt amid a stable interest‑rate environment.
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Morocco's Treasury Nets DH1.9 bn in 2‑Year T‑Bills as Investor Demand Hits DH11.45 bn
The Treasury announced that on 3 February it successfully placed DH1.9 billion of two‑year Treasury bills, despite receiving a total of DH11.45 billion in applications, according to the Direction of Treasury and External Finance (DTFE).
The bills were issued at an annual yield of 2.732 %, virtually unchanged from previous auctions, suggesting a temporary easing of short‑term market tension while investor appetite remains strong.
Settlement of the subscribed bills is scheduled for Monday, 5 February.