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Morocco Treasury Updates 5‑Year Treasury Bill Rate to 2.30% for April Coupon
The Direction of the Treasury and External Finances (DTFE) has announced a revision of the nominal rate for Morocco’s 5‑year Treasury bill line, which is linked to the 13‑week Treasury bill (BdT). The new rate of **2.30 %** will apply to the coupon with a value date of 17 April 2026. The adjustment follows the quarterly review mechanism stipulated in DTFE’s 30 January 2023 circular, ensuring that the interest rate for the 5‑year line is updated every three months. Investors in the Moroccan sovereign bond market should note the impact on yields and portfolio allocations.
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DTFE announces revised 5‑year Treasury bill rate
The Direction of the Treasury and External Finances (DTFE) has released a communiqué confirming that the nominal rate for the 5‑year Treasury bill line indexed to the 13‑week Treasury bill (BdT) will be adjusted to 2.30 % for the upcoming coupon.
Effective date and calculation
The new rate will apply to the coupon whose value date is 17 April 2026. The adjustment follows the quarterly review mechanism set out in the DTFE’s 30 January 2023 circular, which mandates a quarterly revision of the interest rate for the 5‑year line.
Context
This revision is part of the regular re‑pricing schedule for Morocco’s sovereign debt instruments, reflecting market conditions and the central bank’s monetary stance. Investors in the Moroccan bond market should note the impact on yields and portfolio allocations.