Published: August 1, 2013
Banque Centrale de Tunisie raises JPY22.4bn in second JBIC-guaranteed deal.
Tunisia’s central bank, Banque Centrale de Tunisie, has priced a JPY22.4bn (US$226mn) Samurai bond.
The 10-year paper, guaranteed by Japan Bank for International Co-operation (JBIC), is the country’s second such issuance, following a JPY25bn deal last year. Tunisia has also issued non-JBIC guaranteed Samurai bonds since 1994. Daiwa Securities and Mitsubishi UFJ Morgan Stanley Securities acted as joint lead arrangers for the latest transaction.
The bond was placed with qualified institutional investors, including specialised banks, life insurance companies, regional banks and Shinkins – a type of local co-operative bank.