Maroc Telecom has raised 3 billion dirhams through its first private bond issuance on the Moroccan market. The telecommunications operator completed the transaction as part of its financial optimization efforts. It conducted the bond sale as a private placement to institutional investors, it said in a press release. The two-year bond carries a fixed rate of 2.37%, including a 20-basis-point risk premium. The instrument features bullet repayment at maturity. Maroc Telecom will use the proceeds to refinance existing debt and invest in strategic projects. Planned investments include 5G deployment, fiber optic development, customer experience improvements, and business solutions. The company is listed on the Casablanca and Paris stock exchanges. Société de Participation dans les Télécommunications (SPT) owns 53% of the shares, while the Kingdom of Morocco holds 22%. SPT is controlled by Etisalat under Moroccan law. The bond issuance is part of efforts to consolidate operations and advance digital transition initiatives across Africa.
