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HomeNewsTunisia: ATL Leasing 40-million-dinar bond issue closed in one day

Tunisia: ATL Leasing 40-million-dinar bond issue closed in one day

The company ATL Leasing announced that the bond issue “ATL 2021-1” amounting to 40 million dinars divided into 400,000 bonds of 100 dinars nominal was successfully closed the same day of the opening of subscriptions.

Commenting on this operation, Zouhaier Tamboura, General Manager of ATL Leasing, welcomed “the success and the very short time it took, confirming once again all the confidence enjoyed by the company on the financial market with regard to its soundness and solvency.

He recalled on this occasion that this bond issue is intended to allow the company to finance its activity and to reinforce its capacity to accompany its customers in the development of their activities.

The bonds are offered at different interest rates according to one of the categories A or B chosen by the subscriber.

Category A, with a 5-year term, guarantees a fixed rate of 9.60% (gross annual rate).

Category B has a 7-year term (including two years’ grace) at a fixed rate of 9.80% (gross annual rate).

These rates are calculated on the remaining face value of each bond at the beginning of each period for which interest will be paid.

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