27-04-2025
OCP Group Sells $1.75 Billion in Dual-Tranche Eurobond
Rabat – Moroccan phosphate giant OCP announced on Friday, April 25, that it had raised $1.75 billion through a dual-tranche Eurobond issuance to support its expansion plan.
The state-owned group sold $750 million in bonds it will repay in five years and $1 billion in bonds due in about 11 years. Demand was four times what was on offer, showing strong investor confidence in OCP's outlook. The funds will be used to expand production, modernize facilities, and support sustainability projects around the world.
Earlier on April 24, at the International Agriculture Exhibition in Morocco (SIAM), OCP laid out a four-pillar strategy—soil health, sustainable water management, carbon sequestration and inclusion of rural communities—designed to bolster agricultural resilience in Morocco and across Africa.
Under soil health, its Nutricrops unit champions the '4R' fertilization approach — Right Source, Right Rate, Right Time, Right Place — combining detailed land mapping and advanced soil analyses with personalized, low-carbon fertilizers such as calcium-enriched Triple Super Phosphate, all managed through a digital agronomy platform.
In water management, OCP's Green Water initiative has eliminated the use of freshwater in its industrial operations since 2024 by relying entirely on non-conventional sources like desalinated and recycled water. These sources are delivered via a 219 km pipeline between Jorf and Khouribga capable of transporting up to 80 million m³ per year, and through pilot irrigation zones in arid regions developed with UM6P, INNOVX, Aradinov and AgriEdge.
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For carbon action, the Tourba carbon-farming program transforms agricultural soils into carbon sinks, generating tradable carbon credits and providing financial incentives to farmers.
More than 2,000 Moroccan growers have joined the scheme, and OCP aims to extend it to six million hectares across Africa and South America, sequestering seven million tonnes of CO₂ annually by 2030.
By comparison, OCP's prior record bond sale on April 24, 2024, raised $2.0 billion in two tranches—$1.25 billion of ten-year notes at a 6.75 percent coupon and $750 million of thirty-year notes at 7.50 percent, used to finance its Green Investment Program through 2027. Tags: Morocco's OCP GroupOCP green waterSIAM 2025
