OCP, the prominent fertilizer and phosphate producer, is gearing up to launch a substantial bond offering aimed at raising up to 5 billion Moroccan dirhams (approximately $541 million) in the domestic market. This initiative is part of the company's ambitious multibillion-dollar investment program designed to enhance production capabilities and foster an industrial transformation. The bond offering is scheduled to take place from June 11 to June 15, 2026, and is exclusively available to qualified investors under Moroccan law. The financial advisory for this transaction will be managed by CDG Capital and Attijari Finances Corp, ensuring that the process is streamlined and efficient.
The Moroccan Capital Market Authority has granted approval for this bond issuance, signaling a positive move for OCP as it aims to bolster its financing capacity and support critical investments linked to energy transition, water self-sufficiency, and the decarbonization of its operations. The funds raised will be instrumental in financing OCP’s extensive investment program spanning from 2023 to 2027, which is estimated to cost around $13 billion.
OCP's strategy focuses on expanding production through the integration of green inputs and sustainable industrial processes. As part of this initiative, the company plans to increase its production capacity of plant nutrition solutions from 15 million tonnes in 2025 to approximately 20 million tonnes by 2027, with a strong emphasis on sustainability. This expansion will primarily be facilitated by the development of the Meskala phosphate mine and the establishment of a new industrial complex in Mzinda.
Moreover, OCP has set an ambitious target to achieve carbon neutrality by 2040. To accomplish this goal, the company is planning to deploy a clean-energy portfolio boasting a capacity of 5 gigawatts. This latest fundraising endeavor follows a successful $1.5 billion international hybrid bond issuance completed in April, which saw an overwhelming demand from investors, attracting nearly $7 billion in orders—significantly exceeding the initial offering amount.
As the fertilizer market grapples with price volatility and rising production costs, OCP's proactive measures underscore its commitment to sustainable growth and operational efficiency. In the first quarter of 2026, OCP reported a revenue of 20.1 billion dirhams, a slight decrease from 21.6 billion dirhams during the same period the previous year, reflecting the ongoing challenges within the sector.
As reported by ecofinagency.com.
