Financial analyst Bassem Ennaifer has confirmed that the issuance of the national bond is still planned, authorization has been granted and it could be implemented in the coming months depending on market developments.
In an interview with TAP news agency, Ennaifer said that the authorities are likely to wait for a cut in the key interest rate, taking into account global economic and trade developments.
He also predicted a continued decline in the key interest rate in order to issue the first tranche of the national bond at the lowest possible cost.
He emphasised that this expectation indicates a continued decline in interest rates in the coming months and added that the possibility of postponing the issuance of the bond tranches reflects a potential interest rate revision in the coming months.
To support his view, Ennaifer pointed out that the national bond has not yet been issued because the state budget recorded a surplus of more than 2 billion dinars until the end of March, which calls into question the need to issue the first tranches of the bond.
