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HomeNewsTunisia: Eurobond raises foreign exchange reserves to 116 days of imports

Tunisia: Eurobond raises foreign exchange reserves to 116 days of imports

To cover part of its external resource requirements, Tunisia has successfully closed a Eurobond issue of 850 million dinars, ilboursa reported.

This bond has contributed to boosting foreign exchange reserves to 13.799 billion dinars as of February 20, 2017, covering 116 days of imports after falling to 100 days as of February 10, 2017, it added.

The issue of the Eurobond was closed at EUR 850 million over a 7-year maturity. The coupon is 5.625% per annum with a yield (reoffer yield) of 5.75% per annum.

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