Tunisia has just repaid a US$ 506 million bond (equivalent to 1,412.6 million dinars) issued in 2014 on the financial market, the Finance Ministry declared on Friday.
The loan was issued under the guarantee deal between Tunisia and the United States settled on June 3, 2014, for a percentage of 2.452% interest and a 7-year repayment term.
Foreign currency reserves attained 21,844.2 million dinars yesterday(138 days of imports) it is consequently foreseen that the repayment of this first tranche of the loan will reduce these reserves to the equivalent of 129 days of imports and this, in a context of seeing as to Tunisia’s ability to honour its engagements by the end of this year, knowing that the gap (financing requirement) is at 8,395, 7 million dinars.
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