The Moroccan government raised 2 billion euros ($2.15 billion) on Wednesday in a bond sale in two brackets of 4 and 10 years, in order to support its investment effort in preparation for the 2030 World Cup that it will organize jointly with Portugal and Spain, two sources said.

The Treasury successfully completed its first exit in 2025 on the international sovereign debt market. The transaction, which involved an amount of 2 billion euros, attracted offers in excess of 7 billion euros, according to a source familiar with the matter. It was split into two maturity periods of 4 years (1.1 billion euros) and 10 years (900 million euros

The first installment, with a maturity of 4 years, was issued at a spread of 155 basis points (bps), while the second installment, with a maturity of 10 years, was issued at a spread of 215 bps. According to several observers, Morocco obtained advantageous conditions for its eurobond, reflecting the quality of its signature on the international financial market

Morocco, which has the best non-investment grade rating from the three main rating agencies, “sets much tighter prices for its bonds in euros than those of another higher-rated country, Romania (Baa3/bbb-/bbb-), which in turn issued bonds on the same day”, notes the specialized media Global Capital.

“Morocco had a very smooth roadshow”, underlines the same media, saying that the Kingdom “is doing well, given that it does not emit often and generally not in large quantities... Moroccan bonds have a large number of supporters”.