The new bonds have the same characteristics as the original issuance and will be fully fungible with the bonds issued in May 2024. They are structured into two tranches:

  • US$75 million maturing in 2034, with a 6.75% coupon.
  • US$225 million maturing in 2054, with a 7.50% coupon.

OCP plans to allocate the raised funds to financing its investment program and general corporate purposes.

The bonds are listed on EURONEXT Dublin and have received the following ratings:

  • Fitch Ratings: BB+ (stable).
  • Standard & Poor’s: BB+ (positive).
  • Moody’s: Baa3 (stable)/