11 July 2019

Tunisia receives €700 million of Eurobond to fund its financial gap of 2019

On 10 July, Tunisian authorities announced that the country succeeded in raising €700 million on the financial euro market. This new amount of euros will be used to fund the financial gap that the state created in 2019. Tunisian authorities were satisfied considering that the interest rate of this operation is 6, 37 while last year Tunisia had to accept a 6, 75 rate. This relative trust that foreign investors have towards Tunisian economic situation is connected to the last positive reports of the International Monetary Fund (IMF), according to experts. In a statement, the Ministry of Finance announced that the Tunisian government will have to reimburse the bonds in seven years.

circle graphic