Tunisia's bond ambitions get strong start

摘要

Tunisia's first standalone bond since the Arab Spring saw its orderbook blossom to more than US$4bn, but despite the investor enthusiasm, other Arab Spring countries such as Egypt are not expected to follow anytime soon. Tunisia (Ba3/B/BB-) printed a US$1bn 10-year deal last Tuesday through its central bank. Investor demand on the new deal hit US$4.3bn from 227 accounts, the country's minister of finance Hakim Ben Hammouda told IFR, adding that the deal was "beyond our expectations".