OCP completes $1.5bn Morocco hybrid issuance
OCP Group has completed a $1.5 billion dual-tranche hybrid issuance including PNC5.25 and PNC10.25 notes, with BNP Paribas acting as joint lead manager. The transaction drew a final orderbook of more than $4.8 billion, allowing the issuer to tighten pricing by 62.5 basis points on both tranches...