Treasury Bond Issuance Overview
In a significant move this week, the Treasury conducted a bond issuance, securing 6 billion dirhams from a total proposed volume of 7.32 billion dirhams by investors.
This issuance was exclusively focused on the five-year maturity bonds, which attracted submissions totaling 6.34 billion dirhams, leading to a successful retention of 6 billion dirhams.
Yield and Pricing Details
The accepted yield for the five-year bonds was set at 2.771%, reflecting a weighted average price of 98.71%. Notably, this yield represents an increase of 16.5 basis points compared to the last marginal rate recorded for this maturity.
Other Maturities and Future Plans
During this auction, no bids were accepted for other maturities offered, which included 250 million dirhams in 26-week bonds, 380 million dirhams in 52-week bonds, and 350 million dirhams in 15-year bonds.
The settlement date for this bond issuance is scheduled for January 19, 2026. It is important to note that the Treasury has projected funding needs ranging between 15 and 15.5 billion dirhams.