The Treasury and External Finance Department (DTFE) on Thursday launched five placements of treasury surpluses worth a total of MAD 24.5 billion.
The first placement, worth MAD 10 billion, was conducted through a repurchase agreement (repo) for a seven-day period at a weighted average rate of 2.25%, the DTFE said in a statement.
The second repo placement, amounting to MAD 8 billion, was conducted over four days at a rate of 2.2%, while the third, worth MAD 2.5 billion, was placed for one day at a rate of 1.64%.
The fourth repo placement amounted to MAD 1.95 billion, with a one-day term and an interest rate of 1.6%.
The fifth placement, worth MAD 2.05 billion, was conducted on an unsecured basis for one day at a rate of 2.25%.
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