The amount of the first tranche of the 2024 national bond issue was set at TND 750 million and is likely to be raised, according to a decree by the Finance Minister on January 26 which sets conditions for its issuance and subscription opening and closing dates. The decree was published in the Official Journal of the Tunisian Republic in its January 26 issue. Subscriptions to the first tranche geared towards covering a share of the 2024 budget needs will take place on February 5-13. The closing date will be brought forward or put off. Subscriptions and repayment will be conducted in Tunisian Dinar. Subscriptions will be made through accounts opened to this end with approved brokers among Stock market intermediaries and banks. Tunisian expatriates can subscribe and aquire shares in Tunisian Dinar through their foreign accounts opened with banks in foreign currency or convertible dinars or else through bank transfers from abroad. The holders of such securities can transfer the principal and the interest due, in line with exchange regulations in force. Subscription to the first tranche can be made according to the choice of the subscriber in three main categpries. Tunisia managed to raise TND 3.799 billion under the National Bond in 2023, with a 136% response rate against TND 2.8 billion initially provided for under the finance law of 2023, Director General of Tunisie Clearing Maher Zouari said. Source: Agence Tunis Afrique Presse