# Moroccan fertilisers maker OCP raises $1.5 billion in hybrid bond | Reuters

> Moroccan fertiliser producer OCP raised $1.5 billion through its first international US dollar hybrid bond, with tranches maturing in 2031 and 2036. Order book peaked near $7 billion, prompting an upsize, and the deal reopened MENA primary bond markets.

- Date: 2026-04-16 · published 2026-04-16T12:00:00.000Z
- Category: macro · region Morocco · magnitude low
- Page: https://feedsoft.ai/events/20025-moroccan-fertilisers-maker-ocp-raises-1-5-billion-in-hybrid-bond-reuters
- Commodities: [DAP](https://feedsoft.ai/c/DAP.md), [TSP](https://feedsoft.ai/c/TSP.md)

## Why it matters

The financing is a corporate event with limited direct effect on feed commodity prices. It does signal ongoing tight phosphate and sulphur supply linked to Hormuz disruption, which supports DAP and TSP price strength.

## Read by commodity

- DAP: neutral
- TSP: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DAP | 2023-06-20 | [Morocco's OCP plans $7 billion green ammonia plant to avert supply problems \| Reuters](https://feedsoft.ai/events/35822-morocco-s-ocp-plans-7-billion-green-ammonia-plant-to-avert-supply-problems.md) | 0.0% | +12.8% |
| DAP | 2023-04-04 | [The Russia-Ukraine War’s Impact on Fertilizer Prices in 2022](https://feedsoft.ai/events/36330-the-russia-ukraine-war-s-impact-on-fertilizer-prices-in-2022.md) | +7.8% | -3.5% |
| DAP | 2023-02-16 | [Softening fertilizer prices "a bit of a gift" - Brownfield Ag News](https://feedsoft.ai/events/37644-softening-fertilizer-prices-a-bit-of-a-gift-brownfield-ag-news.md) | -1.7% | -3.4% |
| DAP | 2020-04-16 | [Covid-19 and fertilizers: Five things you need to know - CRU Group](https://feedsoft.ai/events/53560-covid-19-and-fertilizers-five-things-you-need-to-know-cru-group.md) | 0.0% | -6.4% |
| DAP | 2020-04-14 | [Fertilizer Supply Chains Hold Steady, But No Guarantees - AgriBusiness Global](https://feedsoft.ai/events/53565-fertilizer-supply-chains-hold-steady-but-no-guarantees-agribusiness-global.md) | 0.0% | -6.4% |

## Sources

- reut.rs: https://reut.rs/41G36i1

---
Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.