Linklaters advises as Tunisia signs $500million 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 $500 million 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, US 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.”