Kingdom of Morocco Final Prospectus.Docx
THE KINGDOM OF MOROCCO U.S.$1,000,000,000 4.25% Notes due 2022 Issue price: 99.228% U.S.$500,000,000 5.50% Notes due 2042 Issue price: 97.464% The U.S.$1,000,000,000 4.25% Notes due 2022 (the “2022 Notes”) and the U.S.$500,000,000 5.50% Notes due 2042 (the “2042 Notes” and, together with the 2022 Notes, the “Notes”) to be issued by the Kingdom of Morocco (the “Issuer”, the “Kingdom” or “Morocco”), will mature and be redeemed at their principal amount on 11 December 2022, in respect of the 2022 Notes, and 11 December 2042, in respect of the 2042 Notes, unless previously purchased and cancelled. See “Terms and Conditions of the Notes—5. Redemption, Purchase and Cancellation”. The 2022 Notes will bear interest from and including 11 December 2012 (the “Issue Date”) at a rate of 4.25% per annum and will be payable semi-annually in arrear on 11 June and 11 December in each year. The first payment of interest in respect of the 2022 Notes will be made on 11 June 2013. The 2042 Notes will bear interest from and including the Issue Date at a rate of 5.50% per annum and will be payable semi-annually in arrear on 11 June and 11 December in each year. The first payment of interest in respect of the 2042 Notes will be made on 11 June 2013. Payments on the Notes will be made in U.S. Dollars without deduction for or on account of any Moroccan withholding taxes unless the withholding is required by law, in which case the Issuer will pay additional amounts in respect of such taxes, subject to certain exceptions as set forth in “Terms and Conditions of the Notes—7.
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