null Tunisia to issue first USD111mln sukuk with bonds up to USD3bln this year
Tunisia to issue first USD111mln sukuk with bonds up to USD3bln this year
3 Feb 2021 | Wednesday Source: Ecofin Agency
Tunisia plans to issue its first Sukuk by July 2021. According to Finance Minister Ali Kooli, this Islamic financing facility will make it possible to mobilize up to TND300 million (USD111 million).
The program is part of the State's financing strategy for the 2021 budget. It aims to offer more attractive financing alternatives to Tunisia which is already facing an economic crisis marked by a high level of debt, reaching 90% of GDP.