Friday, November 15

Morocco OCP may tap international debt market -cbank

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RABAT Dec 20 (Reuters) – Morocco’s state-run phosphate monopoly OCP may tap international debt markets, the governor of the country’s central bank said on Tuesday, a few months after the world’s top phosphate reserve holder issued a maiden domestic bond.

“OCP (Office Cherifien des Phosphates) has undergone the kind of (financial) restructuring that should allow it to tap the international debt market,” Abdellatif Jouahri told a press conference.

He was referring to a thorough financial grooming which OCP implemented in 2008.

(Reporting By Souhail Karam; Editing by David Hulmes)

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