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US loan guarantee helps Tunisia issue $485m bond

Assistance helps North African country to tap bond markets for first time since 2007

Reuters, Wednesday 18 Jul 2012
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Views: 750

The Tunisian government issued a $485 million sovereign bond backed by the United States, a loan guarantee aimed at helping Tunisia's democratic transition and economic recovery, the Treasury Department said on Monday

The U.S. guarantee allowed Tunisia to tap bond markets for the first time since 2007 and represents the beginning of the country's re-integration into global markets, the department said.

The bond issuance comes more than a year after a revolt pushed longtime Tunisian President Zine al-Abidine Ben Ali out of power in January 2011.
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