The Board of Directors of Attijari bank has decided on the issuance of a subordinated bond loan Attijari bank Subordinated 2025-2 for an amount of 40 million dinars, divided into 400,000 subordinated bonds with a nominal value of 100 dinars each.
The Director General of the bank has set the terms of the said loan, issued without a Public Offering, as follows:
– Duration: 5 years
– Interest rate: TMM+1.94%
– Amortization: Bullet repayment
Subscriptions and payments for this subordinated loan will be accepted starting from December 23, 2025 at Attijari bank branches, and will be closed no later than December 31, 2025.
The issuance of the subordinated bond loan Attijari bank Subordinated 2025-2 will enable the bank to strengthen its equity capital and thereby improve its solvency and risk concentration ratios, in accordance with the provisions of the prudential rules set forth by the Central Bank of Tunisia and notably the new requirements of Circular No. 2016-03 dated July 29, 2016, addressed to banks and financial institutions.
The subordinated bonds of this loan will be offered at a single variable interest rate, namely the Money Market Rate (MMR published by the BCT) +1.94% gross per annum, calculated on the remaining nominal value of each subordinated bond at the beginning of each period for which interest is paid.
This rate corresponds to the arithmetic average of the last twelve Monthly Average Money Market Rates for the Tunisian Money Market published prior to the interest payment date, increased by 194 basis points. The 12 months to be considered range from January of year N-1 to December of year N-1.
