The European Bank for Reconstruction and Development (EBRD) is investing MAD 200 million (€19.2million equivalent) in a certified green bond issue of MAD 1 billion (€95 million equivalent) by the Office National des Chemins de Fer du Maroc (ONCF), the Moroccan national railway operator, to refinance debt used to build an electrified high-speed rail line in the country. The EBRD is the only international investor in the bond, which will be…