Subscription of treasury bills for MAD 2 billion this week in Morocco

FTT Creations
Sep 24, 2020
1 min read

An amount of two billion dirhams (billion dirhams) was served out of a total of 6.02 billion dirhams during the operation of issuing treasury bills by auction on September 23, 2020, indicates the Directorate of the Treasury and External Finance ( DTFE) under the Ministry of the Economy, Finance and Administrative Reform. The bonds with a maturity of 13 weeks were subscribed for 100 million dirhams (MDH) at the rate of 1.47%, specifies the DTFE in a press release. The 52-week and 2-year bonds were subscribed for respectively MAD 400 million and MAD 1.5 billion, at the respective rates of 1.652% and 1.856%, according to the same source. The settlement date for the subscribed warrants will be September 28, 2020.

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Subscription of treasury bills for MAD 2 billion this week in Morocco

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Poland Faces Budget Deficit Challenges Amid Increased Defence Spending

Denmark’s Economy Faces Turbulence as Novo Nordisk Struggles to Maintain Growth

German Migration Policy Shift Sparks International Condemnation as AfD Backs Union’s "Taboo-Breaking" Vote