Tunisia - The Ministry of Finance has adopted a decision on the specifics and conditions of the issuance of the second tranche of the 2023 national bond, as well as the date of opening and closing of the subscription.

The decision, which was published on Thursday in the latest issue (40) of the Official Magazine of the Tunisian Republic (JORT), comprises 8 articles; the first of which sets the amount of the second tranche of the bond at a rate of TND 700 million, with the possibility of increasing its value.

This tranche will be open for subscription from May 8 to 17, with the possibility of closing the subscription before this date or extending it.

Article 3 gives the possibility to subscribe in the national bond loan according to the choice of the subscriber in three categories: category "A" with a nominal value per security of 10 dinars, category "B" with a nominal value per security of 100 dinars with a repayment period of 7 years, while category "C" carries a nominal value per security of 100 dinars with a repayment period of 10 years.

The interest rates for these three categories are 9.75% per year, 9.80% per year and 9.95% per year. respectively.

Tunisia last February managed to raise TND 715 million under the first tranche of the 2023 sovereign bond issue, exceeding the target set at around TND 700 million.

Tunisia aims to mobilise an amount of 2.8 billion dinars through the subscription of the four tranches, especially since the bond issue launched in 2022 in four tranches made it possible to raise 2.9 billion dinars against 1.4 billion dinars set as the first ceiling of this issue.

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