Tunisia hires Natixis and JP Morgan for seven-year US Aid-backed bond

Mon Jul 21, 2014 6:29am EDT

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LONDON, July 21 (IFR) - Tunisia has mandated JP Morgan and Natixis to manage a seven-year bond deal backed by the US AID agency, according to a lead manager.

More details could follow later today, subject to market conditions, the lead said.

Tunisia is rated Ba3, B, BB- but the note is expected to have the ratings of the US government, at Aaa, AA+, AAA. (Reporting by Sudip Roy and Helene Durand; editing by Anil Mayre)

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