Tunisia plans to issue an international bond of 750 million to 1 billion euros in the second half of April and will begin the process, including sounding out potential demand, at the end of this month, a government official told Reuters on Monday.
Sources had said last month funds from the bond issue would be used to cover part of the budget deficit.
Tunisia is struggling with lower tourism revenues after three militant attacks last year, protests over unemployment and slow progress on economic reforms.
“We will borrow from the international market in late March and issue international bonds of 750 million to 1 billion euros,” the government official added.
Tunisia had issued an international bond of USD 1 billion last year.
