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Tunisia to issue 1 billion euro Eurobond in January – government source

Tunisia plans to issue a Eurobond worth 1 billion euros in January as it seeks funding to cover its deficit, a government source said on Monday.

The issue was initially scheduled for April, but that was delayed after Tunisia secured a $500 million sovereign bond fully guaranteed by the United States, said the official.

“Tunisia will issue in January 2017 a delayed 1 billion euro Eurobond that was first planned earlier this year,” he said, without giving further details.

The government is facing further strikes over austerity measures included in the 2017 budget as it tries to cut public spending and rein in the deficit.

Tunisia recently cut its 2016 growth forecast to 1.5 percent this year, down from an expected 2.5 percent.

Reuters

 

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