Linklaters advises as Tunisia signs US$500m loan guarantee agreement with the United States

 Linklaters has advised the lead banks as Tunisia signed a loan guarantee agreement with the United States that will allow Tunisia to access up to US$500m in affordable financing from international capital markets. It is designed to support Tunisia as it pursues important economic reforms that will provide the foundation for growth and prosperity, while also furthering Tunisia's ability to access global capital markets.

The rate of interest for the issuance of the 5-year bond was set at 1.416%.

Cecil Quillen, U.S. Capital Markets partner at Linklaters, says: “The loan guarantee is designed to help build an economic foundation in Tunisia and bolster international confidence in the Tunisian market. Given the US backing, it should send a signal to the market that Tunisia continues to makes progress towards meeting its economic reform goals.”

Linklaters advised Goldman, Sachs & Co. and J.P. Morgan with the team led by U.S. Capital Markets partner Cecil Quillen, partner Richard O’Callaghan and U.S. Capital Markets associate Robert Ludwig.

For further information please contact Surinder Sian on +44 207 456 4842.