EBRD in synthetic Tunisian dinar bond amid election
The European Bank for Reconstruction and Development has issued a synthetic Tunisian dinar-linked note, the longest ever offshore issue in the currency, according to the swap market structurer.
“[The note comes] in the middle of a presidential election in Tunisia with some political uncertainty,” said Othman Boukrami, head of trading at the Currency Exchange Fund (TCX), which structured the bond.The election was moved forward to September 15, and the run-off is being held on October ...
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