Published: July 28, 2014
Country issues US$500mn of USAID-guaranteed debt.
Tunisia has issued a US$500mn bond backed by the US Agency for International Development (USAID).
The seven-year paper, the payment and principle of which is 100% backed by the US government, priced with a coupon of 2.452%. JP Morgan and Natixis were bookrunners on the deal.
The funds will go towards helping the government “meet some of its reform goals and lay the foundation for great success in the future,” according to a speech by US president Barack Obama. The issuance comes two months after USAID agreed to back a 5-year, US$1bn bond by the government of Jordan, another significant regional ally.