Morocco's Treasury places MAD 3.7 bln in cash surpluses

Moroccan Treasury Taps Cash Surplus, Raises 3.7 Billion Dirhams

One-Day Repo Placement Attracts Investors at Low Rate

Morocco’s Treasury and External Finance Directorate (DTFE) successfully placed a significant cash surplus on Tuesday. The operation totaled 3.7 billion Moroccan dirhams (MAD).

The repo placement was subscribed for a single day, with investors flocking to the offering. A weighted average rate of 2.45% secured the Treasury’s funds, according to a DTFE statement.