Morocco’s OCP intends to issue $500 million worth of ordinary bonds



The company plans to invest $13 billion between 2023 and 2027 to fully transition to relying on Renewable energy And desalinated water in its industrial activities, as it aims to achieve complete carbon neutrality by 2040.

In a bulletin issued by the government, it is stated that during the first half of this year, the company collected debts of 11 billion dirhams from Moroccan and international banks.

The bulletin also stated that the group is in talks with international and domestic banks for loans exceeding one billion dollars from June 2024.





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