Moroccan Treasury Concludes Year with Final Bond Issuance of 3.1 Billion Dirhams

Final Bond Issuance of 2025

The Moroccan Treasury wrapped up the year with a significant bond issuance, raising a total of 3.1 billion dirhams exclusively through short-term maturities.

The breakdown of the issuance included 200 million dirhams allocated to a 26-week bond at an interest rate of 2.15%, along with another 700 million dirhams on a separate 26-week bond at a rate of 2.20%. Additionally, the Treasury secured 2.25 billion dirhams through a two-year maturity bond, which carried a rate of 2.50%.

Investor interest was robust, with total bids reaching 9.08 billion dirhams, indicating a healthy demand for this final offering of the year.

Active Debt Management Operations

In conjunction with this issuance, the Treasury and External Finance Directorate executed a buyback operation on December 30, 2025. This operation involved the repurchase of treasury bonds, with a settlement date set for December 31, 2025, amounting to a total of 3.1 billion dirhams.