Tunisia heads towards seven year as rally grips EM

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By Francesca Young
04 Jul 2019

The Republic of Tunisia does not finish its roadshow until Tuesday, but after a 100bp rally in its euro 2024s since the start of June and strong attendance at the roadshow meetings so far, a seven year — the longer end of the planned tenor for the benchmark bond — looks to be on the cards.

Citi is global co-ordinator and joint lead manager while Natixis and Standard Chartered Bank are joint lead managers.

“We said the note would be a deal of up to seven years,” said a lead manager. “But we’ve had absolutely no push-back on tenor so I ...

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