RABAT, April 26 (Reuters) - Morocco's OCP raised $2

billion in a dual-tranche Eurobond to fund its green transition

plan, the phosphates and fertilisers producer said on Friday.

The bond is split into $1.25 billion and $750 million

tranches due in 10 and 30 years, with interest rates of 6.75%

and 7.5% respectively, OCP told Reuters by email.

Requests for subscriptions reached $6.2 billion or 3.1 times

the amount offered, it said.

Citi, JP Morgan and BNP Paribas arranged the bond, which the

state-owned company said would help it implement its $13 billion

2022-2027 investment plan.

The plan includes raising fertiliser production to 20

million tons from 15 million currently and shifting fully to

renewables by 2027.

OCP also plans to produce 1 million tons of ammonia in three

years to reduce dependence on imports, as it also invests in

desalination plants.

Moody's has kept its rating on OCP at Baa3 investment grade

since 2023, while S&P upgraded the firm's outlook to positive

from stable.