Tunisia, the first country to rise up against its leader in the "Arab Spring", has secured debt guarantees from the U.S. government that will allow it to tap the international bond markets this year for the first time since 2007.
A finance ministry official said on Wednesday that the U.S.-guaranteed bond could raise $400-500 million. It will follow a $500 million issue of five-year Tunisian treasury bonds directly to Qatar at an interest rate of just 2.5 percent.
Chaker Soltani, the ministry's director general in charge of debt, told a news conference that the U.S. guarantees would allow Tunisia to borrow on the international markets at far lower rates than its risk profile would normally allow.
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