18 December 2012

Tunisia: Second 25-Billion-Yen Bond to Be Issued Soon

Tunis — A 25-billion-yen debenture bond will be issued soon by the Tunisia's Central Bank (BCT) on the Japanese financial market "Samourai," announced Prime Minister Hamadi Jebali.

At the end of his meeting, on Tuesday in Tunis, with BCT Governor Chedly Ayari and representative of Japan's Bank for International Co-operation Shigeto Hashiyana, Mr. Jebali said that the 25-billion-yen (about 463 million Tunisian dinars) bond issued by the BCT, on December 14, on the Samourai financial market, with the Japanese government's guarantee, has demonstrated Japan's preparedness to back up Tunisia at this particular juncture.

Mr. Ayari, for his part, pointed out that the bond issuance aims to bolster resources of the 2013 State budget, notably those dedicated to public investments.

He reminded that the bond issue, on "one of the markets whose access is the most difficult," has coincided with Tunisia's degraded rating to "BB+" by international Fitch Ratings agency.

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