Tunisia to start roadshow for 1 bln Eurobond on Feb. 5

TUNIS (Capital Markets in Africa) – Tunisia will start a road show for a Eurobond worth one billion euros on Feb. 5 with pricing set for Feb. 14 at 5-6 percent, a government source told Reuters on Thursday.

Tunisia had announced in late November plans to issue a Eurobond worth 1 billion euros as it seeks funding to cover its deficit after the economy was hard hit following militant attacks against its tourism industry.

Since its 2011 uprising brought democratic transition, Tunisia has been backed by international partners and multilateral lenders keen to see its transition succeed. But economic reforms to address joblessness and high public spending have lagged Tunisia’s political progress.