Mayer Brown, Dechert and Fasken Martineau have all picked up advisory roles on the Kingdom of Morocco’s $1.5bn (£920m) notes offering, the country’s first debt offering since the Arab Spring.

The placement includes $1bn (£617m) in 10-year notes and $500m (£309m) in 30-year notes with the former priced at 4.25%, while the 30-year notes are priced at 5.5%. The transaction is the first offering by Morocco of bonds in the United States.