Treasury Bond Issuance Overview
The Moroccan Treasury has completed a significant bond issuance, raising a total of 5.6 billion dirhams. This operation focused mainly on two maturities: the 52-week and the 5-year bonds.
Details of the 52-Week Bonds
For the 52-week maturity, the Treasury secured 1.2 billion dirhams at an interest rate of 2.40%. This represents an increase of 18 basis points compared to the previous weighted average rate.
Performance of the 5-Year Bonds
The 5-year bonds accounted for the majority of the total raised amount, with 4.4 billion dirhams issued at a rate of 2.901%. This marks a rise of 13.1 basis points from the last average rate.
Other Maturities and Settlement Date
Notably, there were no subscriptions for the 26-week and 15-year maturities, despite proposed amounts of 860 million dirhams and 330 million dirhams, respectively. The settlement for the bonds subscribed will take place on February 16, 2026, as confirmed by the Treasury's Directorate of Financial Operations.
