The Kingdom of Morocco, rated BBB-/BBB-, has launched a dual-tranche 144a/Reg S US dollar-denominated bond deal, according to a source.
The sovereign has launched a previously announced USD1bn 10-year tranche at a spread of 275bp over US Treasuries, at the tight end of revised guidance of 280bp over plus or minus 5bp.
It has also added a USD500m 30-year tranche, which was launched at a spread of 290bp over US Treasuries.
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