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Tunisia targets Islamic bonds worth $634 mln in 2013

Arab World Materials 8 November 2012 12:02 (UTC +04:00)
Tunisia targets Islamic bonds worth $634 mln in 2013
Tunisia targets Islamic bonds worth $634 mln in 2013

Tunisia will aim to issue 1 billion dinars ($634 million) worth of Islamic bonds next year, using the still developing sector to fund public borrowing for the first time Reuters reported.

"One billion dinars will be available from the Islamic bonds in the 2013 budgetfor the first time", Finance Minister Slim Besbes said.

Central bank governor Chadli Ayari told Reuters last month that Tunisia planned to issue Islamic bonds early next year without giving more details

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