Friday 27 January 2012

Tunisia May Sell Debt to Qatar, Needs $5 Billion in Financing - Businessweek

Tunisian Central Bank Governor Mustapha Kamel Nabli said his country may sell $500 million in dollar-denominated treasury bills to Qatar as it seeks to secure $5 billion in external financing this year.

“It’s a private placement,” he said in an interview at the World Economic Forum in Davos, Switzerland, today. Asked when he expects the sale, he said: “In two to three months.”

Tunisia, the birthplace of the so-called Arab Spring, may receive assistance from institutions such as the World Bank, the African Development Bank and the European Investment Bank, he said.

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