The Bank describes a private placement with qualified investors. The bond has a seven-year maturity and a floating interest rate linked to the Moroccan Overnight Index Average, or MONIA.
The AfDB intends to expand local-currency financing alongside euro and dollar funding. It also envisages a dirham treasury portfolio that could be funded by converting foreign-currency liquidity. That portfolio remains an announced plan: the sources consulted do not establish that it has been implemented.