OCP wants to diversify its financing sources by raising 5 billion dirhams

OCP, a global market leader of phosphate since 1920, announced Tuesday that it is planning to raise 5 billion dirhams through a domestic subordinated perpetual bond to uplift its financing sources, financial markets regulator AMMC told Reuters today.

According to the same source, through this decision, the phosphate group is trying to «diversify the financing of the 2008-2030 investment programme worth 200 billion dirhams».

The step will be taken from 2nd to the 4th of May, said the British news agency quoting a statement issued by the regulator.