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Monday 21 June 2021
HomeNewsTunisia: CenBank sells Samurai Bonds backed by JICA

Tunisia: CenBank sells Samurai Bonds backed by JICA

The Central Bank of Tunisia (BCT) sold 25 billion yen ($303 million) of Samurai bonds backed by the Japan Bank for International Cooperation, Bloomberg reported Friday.

The 10-year notes were priced to yield 1.19% or 45 basis points more than the yen swap rate, according to data compiled by Bloomberg.

Mizuho Financial Group Inc. and Nomura Holdings Inc. helped the North African borrower sell the bonds.

The central bank last sold yen-denominated notes in August 2007 when it issued 30 billion yen of 3.28 percent bonds, according to data compiled by Bloomberg.

The securities, due 2027, are quoted at 449 basis points more than the yen swap rate, JS Price data show.

Tunisia’s government sold $485 million of 1.686 percent seven-year bonds in July priced to yield 70 basis points more than the Treasuries.

The debt is backed by the U.S. Agency for International Development, the data show.

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