Tunisia Paid Back USD 1 bn Borrowed from International Financial Market

(3 Minutes Read)       

The Tunisian Treasury repaid a USD 1 billion principal loan on the international financial market, along with USD 57.5 million in interest, related to the “Dollar Bonds_10 years_5.75% $1.000 B Reg S_30/01/2025.” 

This marks the largest loan Tunisia has secured on the international financial market, initially contracted in January 2015 under the government of Mehdi Jomaa at an interest rate of 5.75%. At that time, Tunisia was rated BB- with a negative outlook by Fitch Ratings and Ba3 with a negative outlook by Moody’s.

Due to a slight increase in the dollar against the dinar ahead of this repayment, Tunisia had to repay a total of 3,182.6 million dinars in principal and 183 million dinars in interest, amounting to 3,365.6 million dinars, equivalent to 15 days of imports.

Read Also; 

http://trendsnafrica.com/tunisia-parliament-to-legalise-migrant-deportations/

Following the repayment of the dollar bond, foreign exchange reserves dropped to 104 days of imports on Wednesday, January 29, compared to 119 days the previous day. As a result, foreign exchange reserves decreased from 26,701.4 million dinars on January 28 to 23,325 million dinars on January 29, 2025.