The Executive Board of Taysir Microfinance, part of the HORCHANI Group, has approved the issue of a debenture loan by public offering for an amount of 30 million dinars, which may be increased to 40 million dinars, in accordance with the following conditions:
Fixed rate: a range with a minimum of 10% gross per annum and a maximum of 12.5% gross per annum
Variable rate: MMR+2.00% gross per annum as a minimum and MMR+4.00% gross per annum as a maximum.
Term : 5 to 10 years.
The Executive Board has set the duration and interest rates of the loan as follows:
Category A: 10.90% and/or MMR + 2.95% gross per annum for 5 years;
Category B: 11.10% and/or MMR + 2.95% gross per annum for 5 years
Category B: 11.10% and/or MMR + 3.20% gross per annum over 7 years, including 2 years of grace.
Subscriptions to category B are limited to 20% of the total number of bonds subscribed to.
Subscriptions to this bond issue and payments are received from July 31, 2024 at the counters of TUNISIE VALEURS and other stock market intermediaries.
As a microfinance institution in the form of a public limited company (Société Anonyme), Taysir Microfinance is constantly consolidating its financial base by mobilizing financial resources in the form of equity, bank debt and bond issues, thereby enabling it to finance its activity.
Consequently, this bond issue will allow the institution to consolidate its medium and long-term resources in order to finance its microfinance activities.
