UPDATE 1-Tunisia aims to issue $634 mln in Islamic bonds in 2013

The moderate Islamists-led government of Tunisia makes plans to issue sukuks worth 1 billion dinars ($634 million) in the coming year. Thus, the country will be using this financial sector for the first time in order to fund public borrowing. Chadli Ayari, the governor of the Central Bank, prompted that the issuance is t be expected at the beginning of 2013. Just as several other government in North Africa, Tunisia has waken up after last year's Arab Spring to see and make use of the strong growth potential in the Islamic banking sector.

Read more on: http://www.reuters.com/article/2012/11/08/tunisia-bonds-idAFL5E8M84KM201...

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