Tunisia pushes against political problems with Samurai bond

Banque Centrale de Tunisie, the central bank of Tunisia, priced a 10 year Samurai bond on Wednesday guaranteed by the Japan Bank for International Cooperation. The size fell short and the pricing wide of the issuer’s last Samurai deal, though bankers involved with the trade said the result was positive given the instability in North Africa throughout 2013. The deal followed Mexico’s own triple-tranche Samurai deal, which was priced on Tuesday.