Industry | 2015.04.16
OCP Successfully Prices a US $1 Billion Offering with a 10.5 Year Maturity at a 4.5% Coupon
CASABLANCA, Morocco--(BUSINESS WIRE)--OCP S.A announced today that it has successfully priced a US $1 billion offering of aggregate principal amount. This offering follows the Group’s inaugural global bond in April 2014. OCP intends to use the proceeds for its industrial capital expenditure program, which aims to double its mining capacity and triple its fertilizer capacity by 2025, as well as for general corporate purposes. The joint book-running managers for the offering are Morgan Stanley an
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