Morocco raises 500 million dirhams in T-bill auction

Published May 31st, 2001 - 02:00 GMT

Morocco raised 500 million dirhams ($42.23 million) in its weekly T-bill auction, according to the Reuters news agency. The bills are of different maturities ranging from one to two years, carrying an interest rate of up to 4.95 percent.  

 

Although demand was heavy with bids reaching 710 million dirhams, the central bank allocated only 500 million dirhams. The repayment date was set for May 4. —(MENA Report) 

 

© 2001 Mena Report (www.menareport.com)


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