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.

  • Comment

Copyright © 2012 Tunis Afrique Presse. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment