Tunisia: The government plans to issue up to 300 million dinars in Islamic bonds

Jul 16, 2014

The Tunisian government is planning to raise between 180 million dinars (€77.3 million) and 300 million dinars through sukuks in 2014, the Minister of Economy and Finance, Hakim Ben Hammouda, announced on July 9th.

The Tunisian government is planning to raise between 180 million dinars (€77.3 million) and 300 million dinars through sukuks in 2014, the
Minister of Economy and Finance, Hakim Ben Hammouda, announced on July 9th.

He added that the government is studying the possibility of presenting highways as collateral required for the issuance of these Islamic bonds, TAP news agency reports.

This news comes after Tunisia announced it will issue a $500 million (€366 million) bond on the US financial market.


This announcement was made
on
Tuesday, June 1st, after the National Constituent Assembly (NCA) approved a loan guarantee agreement signed a few weeks earlier by Tunisia and the USA.

Secretary of State for Development and International Cooperation Noureddine Zekri said a US and a French bank will start the process during the second half of July 2014.
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