Tunisia issues $500m with US guarantee

GMT 18:57 2014 Thursday ,24 July

Arab Today, arab today Tunisia issues $500m with US guarantee

Washington - KUNA

The Republic of Tunisia closed on its offering of a USD 500 million sovereign bond issuance guaranteed by the US, through the US Agency for International Development (USAID).
A statement released Thursday from the State Department said, "This guarantee reinforces our firm commitment to the people of Tunisia by strengthening its governmentآ’s ability to maintain access to international financing and to achieve its economic development and reform goals." This seven-year Tunisian bond was supported by a 100 percent guarantee of repayment of principal and interest by the US government. The issuance was priced at a coupon rate of 2.452 percent.
The US affirmed, "this loan guarantee is only one part of our assistance."

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