One billion dirhams without a state guarantee: how Casablanca-Settat pulled off its bond issue

The Casablanca-Settat region has just completed its first bond issue, a first for a Moroccan region. The amount raised totals one billion dirhams on the capital markets, including 400 million dirhams provided by the European Bank for Reconstruction and Development (EBRD). Regional president Abdellatif Maazouz discusses the behind-the-scenes of the operation, its financial foundations and the projects it is expected to finance.

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