Clifford Chance with EBRD on Morocco’s first regional bond deal

Clifford Chance advised European Bank for Reconstruction and Development (EBRD) on its MAD 400 million subscription into a MAD 1 billion bond issuance by the Casablanca-Settat region.

The transaction marks the first bond issuance by a Moroccan regional authority and the second municipal bond ever completed in Morocco. The operation was executed domestically in local currency.

The Clifford Chance team

Casablanca-based partner Mustapha Mourahib (pictured) led the Clifford Chance team on the matter, working alongside associates Sanâa Hamzi and Augustin Batsale.