The Treasury places 600 million dirhams of cash surpluses

The Department of the Treasury and External Finance (DTFE) launched on Monday an operation to invest surplus cash amounting to 600 million dirhams (MDH).

This is a one-day repo investment at a weighted average rate of 1.16%, said DTFE in a press release.

In addition, the Treasury will proceed on Tuesday with the issuance by auction of short, medium and long-term Treasury bills, the Treasury and External Finance Department (DTFE) announced on Monday. These are bonds with a maturity of 26 weeks, 52 weeks, 5 years and 15 years, l.

The DTFE specifies that the 52-week, 5-year and 15-year bonds will be sold at the respective rates of 1.7%, 2.4% and 3%.

The settlement of these vouchers will take place on October 19.

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