26.9 C
Tunisia
Monday 20 September 2021
HomeNewsTunisia: ADVANS issues 10-million-dinar bond

Tunisia: ADVANS issues 10-million-dinar bond

The Board of Directors of the microfinance institution, ADVANS Tunisia, meeting on December 23, 2019, decided to issue a bond loan for an amount of 10 million dinars divided into 100,000 bonds of 100 dinars nominal value.

The loan will be issued without recourse to the Public Offering in accordance with the following terms and conditions:

Duration: 5 years.

Interest rate: 12.125% gross per year.

Amortization: Annual constant of 1/5 from the first year.

Subscriptions and payments for this loan will be received from December 27, 2019 from UIB Finance, a stock exchange intermediary, and will be closed no later than January 3, 2020.

Placement mode

This is a private placement. The issue of this loan will be made without recourse to a public offering. However, subscriptions to this loan may not be made for the benefit of UCITS or managed accounts.

ADVANS Tunisia has decided to issue this loan as part of a strategy aimed at strengthening the company’s financial structure by consolidating its resources in the medium and long term in order to support the development of its activity under the best conditions.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisement -

MOST POPULAR

HOT NEWS