04 August 2016
The issue operation of a $500 million (about 1,103 million Tunisian dinars) bond on the U.S. financial market guaranteed by the United States Agency for International Development (USAID), was co-led Wednesday by Finance Minister in the Caretaker government Slim Chaker and Central Bank of Tunisian (BCT) Governor Chedly Ayari, acting for and behalf of the State, the issuing bank announced in a press release, Thursday.

This issue operation is part of mobilising foreign resources for 2016, whose law was passed by the House of People's Representatives, July 12, 2016, according to BCT.

The operation was run from the BCT trading room with the assistance from London by two arranging banks; JP Morgan and Goldman Sachs.

According to BCT, the $500 million bond bears interest at an annual rate of 1.416% payable semi-annually with a maturity of 5 years (maturity date August 5, 2021).

© Tunis-Afrique Presse 2016