Tunisia repaid €700m 2019 Eurobond on 15 July, draining FX reserves
On 15 July 2026 Tunisia fully repaid a €700 million Eurobond issued in 2019 (6.375%), settling principal and final coupon in a single day. The payment reduced net foreign currency reserves to roughly 91–92 days of imports from about 101 days, tightening external liquidity headroom for the year.
The desk brief
On 15 July 2026 Tunisia fully repaid a €700 million Eurobond issued in 2019 (6.375%), settling principal and final coupon in a single day. The payment reduced net foreign currency reserves to roughly 91–92 days of imports from about 101 days, tightening external liquidity headroom for the year.
A large, one-off external debt outflow reduces immediate FX reserve buffers and tightens near-term external liquidity, which can raise refinancing premia on medium-term maturities and increase Tunisias risk premium versus stronger regional peers. The reserve decline amplifies pressure on rollover capacity for remaining 2026 external payments, conditional on tourism and remittance recovery and any central-bank liquidity actions.
Monitor Tunisias remaining 2026 external payments schedule (Afreximbank, IMF) and reserve updates through peak tourist season.
Sources & verification
Developing storyFurther independent confirmation is required.
- Net foreign currency reserves: Tunisia repays TND 2.35 billion international bondtunisienumerique.comSource published (opens in a new tab)
- La Tunisie solde son dernier eurobond, et ses réserves en portent la marquetunisia-news.comSource published (opens in a new tab)
Public references supporting this brief.