Overview of the Bond Exchange Operation
In a strategic move to actively manage domestic debt, the Treasury and External Finance Directorate conducted a bond exchange on January 29, 2026. This operation is set to settle on February 3, 2026.
Objectives of the Operation
The primary goal of this bond exchange is to smooth out the repayment schedule of domestic debt by mitigating peaks in repayment obligations.
Details of the Exchange
The total amount involved in this exchange operation is 677 million MAD, which is allocated as follows:
