Tunisia Repays a U.S.$ 506 Million Bond Issued in 2014

Tunis/Tunisia — Tunisia has just repaid a US$ 506 million bond (equivalent to 1,412.6 million dinars) issued in 2014 on the financial market, the Finance Ministry announced on Friday.

The Government of Tunisia had closed on July 24, 2014, on its offering of a $500 million sovereign bond issuance guaranteed by the United States of America, acting through the U.S. Agency for International Development (USAID).

The seven-year Tunisian sovereign bond was supported by a 100 percent guarantee of the repayment of principal and interest by the U.S. government. The $500 million issuance was priced at a coupon rate of 2.452 percent.

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