Faced with the difficulties encountered in raising money on the international market, due to the country’s very poor sovereign rating, the Tunisian state continues to go into debt on the domestic market at the risk of drying up the liquidity needed by the country. productive sector, to restart the printing of money and to cause inflation to soar.
We learn that subscriptions to the 2nd tranche of the national bond issue for the year 2024, set at 700 million Tunisian dinars (MDT) and likely to be increased to a higher amount, will be open from May 6 to 13, indicates a decree taken on April 8 by the Minister of Finance, and published in the Official Journal of the Tunisian Republic (Jort), on April 12.
These subscriptions may be closed before the set date, which may also be extended, indicating the order establishing the characteristics and conditions of issue of this tranche as well as the opening and closing dates of subscriptions.
The interest accrual date is set on the settlement-delivery date of the securities, i.e. the second business day following the closing date for subscriptions to the second tranche, i.e. May 15, 2024.
For the first tranche of the 2024 national bond issue, the Treasury managed to raise 1,033.7 MTD, thus exceeding the amount initially set at 750 MTD, i.e. a response rate of 138%, indicated Maher Zouari, Director General of Tunisia Clearing.
The sums subscribed came from stock brokers and banks, with respective subscription rates of 67% and 33%.
