Rabat — October 21, 2025: Maroc Telecom has successfully raised 3 billion dirhams through its first private bond issuance on the Moroccan market, marking a significant step in its ongoing financial optimization and digital transformation strategy.
The telecom operator announced that the two-year bond, issued via private placement to institutional investors, carries a fixed interest rate of 2.37%, which includes a 20-basis-point risk premium. The instrument features bullet repayment at maturity, ensuring full repayment of the principal at the end of the term.
According to Maroc Telecom, proceeds from the bond will be used to refinance existing debt and support strategic investments across key growth areas, including:
- Deployment of 5G networks across Morocco and other operating countries,
- Expansion of fiber optic infrastructure,
- Enhancement of customer experience, and
- Development of enterprise and business solutions.
The company, listed on both the Casablanca and Paris stock exchanges, is majority-owned by Société de Participation dans les Télécommunications (SPT), which holds 53% of shares and operates under Moroccan law as a subsidiary of Etisalat Group, while the Kingdom of Morocco retains a 22% stake.
This private bond issuance forms part of Maroc Telecom’s broader strategy to strengthen its balance sheet, sustain operational efficiency, and accelerate the digital transition across its African footprint.
