TUNIS: Tunisia plans to issue an euro-denominated in the second half of April and will begin the process, including sounding out potential demand, at the end of this month, a government official told Reuters on Monday.
Officials said last month that funds from the planned bond sale would be used to cover part of the budget deficit. The North African country is struggling with lower tourism revenues after militant attacks last year, protests over unemployment and slow progress on economic reforms.
"We will go to the international market in the end of March and will issue in the second half of April, for between 750 million euros and 1 billion euros," the official told Reuters.
Tunisia last tapped the international market about a year ago when it issued a $1 billion bond.
The country's economy has lagged since the 2011 uprising against autocrat Zine El-Abidine Ben Ali that sparked the Arab Spring revolutions across North Africa and the Middle East.
Two attacks last year by Islamist militants targeted its tourism industry, which represents 7 percent of gross domestic product. Gunmen killed foreign visitors at museum in Tunis and a beach resort in Sousse.
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