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Morocco's OCP Group will redeem all outstanding bonds from a December 2016 perpetual subordinated debt issue across six tranches, exercising its early redemption option. Repayment is scheduled for December 23, 2026, at MAD 100,000 nominal per bond plus accrued interest.
This is a corporate financing transaction by a major phosphate and fertiliser producer and does not change phosphate or fertiliser supply or prices for feed buyers.
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.