Morocco is issuing its first euro-denominated bonds in five years, raising EUR 2 bln through four- and 10-year notes. The bond sale is part of Morocco’s preparations to co-host the 2030 FIFA World Cup and is expected to drive significant investment. The bond attracted over EUR 6.75 bln in bids, with the final spread set at 155 bps for the four-year note and 215 bps for the 10-year note.