Tunisia issues $500 million bond on US market
Tunisia will issue a $500 million (€366 million) bond on the US financial market.Tunisia will issue a $500 million (€366 million) bond on the US financial market.
This announcement was made
Tuesday, June 1st, after the National Constituent Assembly (NCA) approved a loan guarantee agreement signed a few weeks earlier by Tunisia and the USA.
Tunisia will benefit from preferential conditions, with lower rates than those applied on international markets, although the country has seen its sovereign
rating downgraded, newspaper La Presse reports.
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.
The Tunisian government had already launched a national bond of 500 million dinars (€226 million) on May 12th, 2014.
Preferential conditions were put in place to encourage participation of individuals.