Amen Bank has announced the launch of a new subordinated bond issue, “Amen Bank Subordonné 2026 – 1,” aimed at reinforcing its capital base. The decision was made during a meeting of the bank’s Executive Board on February 18, 2026.
The bond issuance amounts to 60 million Tunisian dinars, divided into 600,000 subordinated bonds with a face value of 100 dinars each. The operation will be carried out through a public offering, with subscriptions set to open on March 23, 2026, and close no later than March 27, 2026. However, the subscription period may be closed earlier without notice once the full amount is subscribed.
Bond terms
The bonds have a 5-year maturity, with interest set at the money market rate (MMR) plus 1.5%. Notably, the repayment schedule indicates an annual constant amortization beginning in the 10th year, a structure that suggests a long-term or perpetual element typically associated with subordinated debt used for regulatory capital purposes.
Purpose of the issue
In its announcement, Amen Bank stated that the issuance is part of its ongoing efforts to secure recurrent funding to support its lending activities. As a bank, it is required to continuously mobilize resources to finance its commitments to the economy.
“This bond issue will enable the bank to further strengthen its net equity by providing a resource better suited to the nature of its interventions in terms of maturity,” the bank said in a statement.
Subscription Details
Subscriptions and payments will be accepted starting March 23, 2026, and can be made through MAC SA, Amen Invest, and other authorized stock market intermediaries.
