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OCP Group has decided to exercise the early redemption option on a subordinated perpetual bond loan issued on 23 December 2016. Repayment covers all outstanding notes across tranches A to F at the 100,000 dirham nominal value plus accrued interest, and is scheduled for 23 December.
This is a corporate debt-management action by a Moroccan phosphate fertilizer producer with no direct effect on phosphate or fertilizer supply, demand 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.