Insights

IBOR Transition: challenges and impacts in Morocco and internationally

In recent years, the questioning of the reliability of IBOR rates has triggered a reform that will lead to the gradual disappearance of these interest reference rates and their replacement by other benchmark indices.

Participation of Taha Jaidi, General Manager Attijari Global Research, to the 24th Annual ASEA Conference – African Securities Exchange Association, November 2021

The results of the various methods computed in this 19th edition - November 2021.    

In this 11th edition, we analysed the AGR Africa Bond Index evolution during Q3-21.

For this edition, we note a continued improvement in investor confidence toward the Equity market.

Following our survey conducted in September, we have identified investors' expectations toward the evolution of the Moroccan central bank key rate on the sidelines of its 3rd meeting of Q3-21.

GHANA : the issuing of an « Unprecedented» Eurobond. The international debt markets continue to be favourable for Eurobond issuance. For this Q2-2021, it is Ghana's turn to raise significant funds of $ 3.0 Bn.

On the sidelines of our last survey carried out among the 35 most influential investors in the Moroccan stock market, we have updated the required profitability towards stocks. Not surprisingly, the Equity Risk Premium reaches a record low of 5.6%, supported by the sustainable context of low interest rates in Morocco.