| Tunisia will seek a U.S. guarantee for its bonds for the second consecutive year and will sell Islamic debt in June as the North African nation mobilizes funds to shield the economy from Europe’s crisis and domestic turmoil. The government may sell $500 million of U.S.-backed notes in the second half, Finance Minister Elyes Fakhfakh said in an interview with Bloomberg.
The yield on $485 million of similarly-guaranteed debt due July 2019 fell 21 basis points this year to 1.48 percent yesterday, compared with 5.34 percent on Tunisia’s euro- denominated notes due June 2020. The average yield on Middle Eastern sovereign debt was little changed last week at 4.37 percent...............................................Full Article: Source
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