The bond issue of one billion Euros on the international financial market confirms the potential of proven growth enjoyed by the kingdom, backed by ambitious sectoral strategies and macroeconomic fundamentals, Salaheddine Mezouar said during a press briefing.

    The success of this operation "results from the growth policy adopted by Morocco, focusing in particular on the diversification of growth sources, human capital development, openness and integration into the global economy and a strong banking system," he added.

   The Minister said, in this regard, that investors' demand, which exceeded 2.3 billion Euros, reflects the confidence placed in Morocco on the international monetary market, particularly following the "investment grade" granted to the North African country by both rating agencies "Standard and Poor's" and "Fitch Ratings".

   The bond issue has a maturity of 10 years and an interest rate of 4.50%, that is a risk premium of 200 basis points.