44.9 C
Monday 21 June 2021
HomeNewsTunisia: Treasury prepares to borrow record sum of 1 billion dinars on...

Tunisia: Treasury prepares to borrow record sum of 1 billion dinars on November 12

As part of financing the State budget for the rest of the year, the Treasury has just announced the opening, on November 12, 2020, of a Treasury Bill auction to raise an unprecedented 1 billion dinars.

A monthly auction of Fungible Treasury Bonds involves on average an amount that does not exceed 200 million dinars.

Given the size of the auction, the operation is likely to be refinanced by the BCT. The auction will be conducted on a newly created Fungible Treasury Bond.

Following the last Treasury auction in October, the Treasury raised on a similar maturity, namely Fungible Treasury Bond 7.4% February 2030, an amount of 71.1 million dinars at a weighted average actuarial rate of 9.374%. The total amount raised at the October auction was 187.2 million dinars.

At the end of this auction, the total outstanding amount of treasury bills will be increased to 17.47 billion dinars.


Please enter your comment!
Please enter your name here

- Advertisement -