Rabat – Moroccan phosphate giant, OCP Group, is planning to issue bonds worth 5 MAD billion from December 10 to 12 this year. The Moroccan Capital Market Authority (AMMC) released a press release on Tuesday announcing the prospectus for OCP’s upcoming bond issuance.
This move is part of OCP’s investment program aimed at expanding its operations and boosting development. The subscription will be limited to qualified Moroccan investors.
The bond issuance will be managed by CDG Capital and BMCE Capital Conseil, who have been appointed as financial advisors and global coordinators.
According to AMMC, the bond issuance will include five non-listed tranches. Tranches A and B will have a maturity of 10 years, while tranches C, D, and E will have maturities of 15, 20, and 30 years, respectively.
The interest rate for Tranche A will be adjustable annually, while the rates for Tranches B, C, D, and E will remain fixed.
Read also: OCP Achieves Strong Financial Growth with Revenues Reaching $6.8 Billion in September
This bond issuance is part of OCP’s broader investment strategy, supporting the company’s ongoing projects and growth plans. By offering diverse maturity options, OCP aims to attract qualified Moroccan investors interested in long-term financial opportunities.
The fundraising comes as OCP Group continues to implement its green investment program for 2023-2027, with a budget of MAD 130 billion. The program focuses on strengthening local industrial and mining value chains while promoting innovation in Morocco’s industrial ecosystem.
“We are investing MAD 130 billion globally over the next five years to sustainably increase our production capacity from 12 million tons of fertilizer to an incredible 20 million tons,” the company said.
OCP’s key goals as part of the investment program include the production of one million tons of green ammonia, generating 5GW of clean energy, and reaching a volume of 20,000 tonnes of fluorine and 30,000 tonnes of intermediate products for Lithium Iron Phosphate batteries by 2027.
