First Tunisian bond issue on the Samourai market

Dec 21, 2012

Tunisia has issued its first Samurai bonds valued at 25 billion yens (300 million dollars) and backed by the Japan International Cooperation Agency (JICA), as part of their development aid programme.

Tunisia has issued its first Samurai bonds valued at 25 billion yens (300 million dollars) and backed by the Japan International Cooperation Agency (JICA), as part of their development aid programme.

The issuing of these bonds is considered to be an important step in the re-introduction of Tunisia into the global economy, after a difficult period following the Arab spring.

It is indeed the first issuing of Samurai Bonds from an African country with the backing from the Japan International Cooperation Agency and marks the return of Tunisia to the global securities market.

The bonds were priced to yield 1.19 % per year with a maturity of 10 years, which is the lowest Tunisia has issued since 1994, the Central Bank of Tunisia announced.

This issuing marks the beginning of a new era in bilateral relations that reinforce economic, technological and trade cooperation between the two countries.

Japan has already invested in Tunisia through JICA.

The development of infrastructure and industry and the reduction of regional inequalities are priorities in the Japan-Tunisia cooperation, announced Sadako Ogata, President of the JICA, in March 2012.

Notably, the JICA has given out loans to Tunisia to finance a motorway linking Gabes and Medenine and water sanitation plants in urban areas.

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