Agence Ecofin TikTok Agence Ecofin Youtube Agence WhatsApp

Public Management

Tunisia seeks $500 mln in Eurobond to fund budget gap

Friday, 05 July 2019 14:24
Tunisia seeks $500 mln in Eurobond to fund budget gap

(Ecofin Agency) - Tunisia’s treasury is targeting $500 million through a Eurobond operation, Lotfi Ben Sassi, adviser to the Prime Minister Youssef Chahed, announced.
“The banking groups Natixis and Citigroup are entrusted with the arrangement of the $500 million Eurobond operation,” the official said.
Monies to be raised will fund the budget deficit, which is estimated at 3.9% of GDP this year against 5% last year. Public debt is 74% of GDP and the government says it needs $2.5 billion in external aid for the FY2019.
In October 2018, Tunisia issued a $500 million Eurobond at a 6.75% rate.

Additional Info

  • communiques: Non
  • couleur: N/A
 
Finance


 
Mining


 
Telecom


ECOFIN AGENCY offers a selection of articles translated from AGENCE ECOFIN. Founded in 2011, Agence Ecofin is a leader in Francophone Pan-African economic news, particularly in West and Central Africa. The agency publishes daily news on nine African economic sectors: Public Management, Finance, ICT, Agribusiness, Energy, Mining, Transport & Logistics, Communication, and Training.

AGENCE ECOFIN
Mediamania Sarl
Rue du Léman, 6
1201 Genève
Tél: +41 22 301 96 11

EDITORIAL TEAM
redaction@agenceecofin.com

ADVERTISING SALES
Benjamin FLAUX
bf@agenceecofin.com
Tél: +41 22 301 96 11
Mob: +41 78 699 13 72

 

Please publish modules in offcanvas position.