Morocco says no final decision on dollar bond issue

RABAT, June 5 (Reuters) – Morocco has not made a final decision to issue a dollar-denominated sovereign bond issue, the budget minister told Reuters on Tuesday.

“We have not made a final decision about a sovereign bond issue,” said Idriss Azami al-Idrissi, minister in charge of the budget. “We have not even mandated a bank or financial advisors for any bond issue,” he added.

Last month the deputy director of treasury and external finance at the finance ministry’s debt office said Morocco is considering a potential dollar-denominated international bond of up to $1 billion in September or October.

Azami said Eddez’ comments were taken out of their “technical” context.

(Reporting by Souhail Karam; Editing by Ruth Pitchford)

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Posted on June 5, 2012, in Business, Morocco News and tagged , , . Bookmark the permalink. Leave a comment.

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