Morocco's leading phosphate producer, OCP Group, is poised to secure up to 5 billion Moroccan dirhams (approximately $540 million) through a subordinated perpetual bond. This strategic move is intended to bolster the second phase of the company's ambitious industrial, energy, and environmental transformation initiatives. The Moroccan Capital Market Authority (AMMC) has granted approval for this bond issue, which will be exclusively accessible to qualified Moroccan institutional investors from June 11 to June 15, according to a recent report from Morocco World News.
To facilitate this transaction, OCP has enlisted the expertise of CDG Capital and Attijari Finances Corp as financial advisors. Additionally, the placement of the securities will be managed by CDG Capital in collaboration with Attijariwafa Bank. This fundraising endeavor coincides with OCP's entry into a new investment cycle that is centered on significantly enhancing production capacity, accelerating the deployment of renewable energy solutions, and reinforcing water security measures.
A primary goal of this second phase is to elevate OCP's annual production capacity for plant nutrition solutions from 16 million tonnes to an impressive 19 million tonnes by the year 2027. This ambitious expansion will be underpinned by the development of a new phosphate mine located in Meskala and the establishment of a substantial industrial platform in the western city of Mzinda.
In its recent financial disclosures, OCP reported revenues of MAD 20.1 billion ($2.17 billion) for the first quarter of 2026, a slight decline compared to MAD 21.6 billion ($2.33 billion) during the same timeframe the previous year. This decrease is attributed to higher raw material costs and ongoing fluctuations in global fertilizer markets. Notably, in April 2026, the Group successfully completed its inaugural international hybrid bond issuance, raising a total of $1.5 billion. This landmark issuance represents the first of its kind by an African corporation and is expected to significantly contribute to financing OCP's investment programs and general funding requirements for the 2026 fiscal year.
As reported by tradingview.com.
