(MENAFN) Tunisia will issue a USD 500mn bond to access to global capital market, in order to finance the state budget 2016 and to make the various development investments.
Accordingly, Tunisia will benefit from guarantee from the U.S in this issuance, which will need an interest rate not exceeding in all cases 2 percent against 6-7 percent.
Moreover, the guarantee will allow the State treasury to save between USD 92.41mn and USD 115.51mn over a period of four years.
The country will also take advantage from free US guarantee, unlike Japan, which is granted only after a fiscal contribution.
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