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OCP SA will exercise its early redemption option on all six tranches of perpetual subordinated bonds issued in December 2016. Holders will receive 100,000 dirhams per bond plus the final coupon on December 23, 2026.
This is a financing and balance-sheet event for the phosphate group with no direct effect on fertilizer supply or prices.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.