OCP $1 billion 4.5% bond issue

Overview:

• Moroccan fertiliser producer OCP, globally the largest producer of phosphate rock and phosphoric acid, successfully issued $1 billion, 4.5% notes due 2025. 
• The company issued the notes in US dollars pursuant to Rule 144A, on to the Irish stock exchange.
• The notes will help the company develop new mines and fund infrastructure development including pipelines and hubs. 
• Barclays and Morgan Stanley acted as bookrunners and underwriters for the issue. 

John Crabb - Journalist