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Monday 14 June 2021
HomeNewsTunisia: ATL Leasing issues a bond loan of 20 million dinars

Tunisia: ATL Leasing issues a bond loan of 20 million dinars

The company ATL Leasing has just got the approval of the Financial Market Council (CMF) to issue a bond loan of 20 million dinars likely to be increased to 40 million divided into 200,000 bonds likely to rise to 400,000 bonds of 100 dinars nominal value.

Subscriptions to this loan will be opened on September 14, 2020 and closed without notice at the latest on October 16, 2020.

The subscriptions and the payments will be received with the stock exchange intermediary BNA Capitaux.

The Arab Tunisian Lease, by virtue of its status as a financial institution, is called upon to mobilize on a recurring basis the resources necessary to finance its contributions to the economy.

As such, this bond issue will enable the company to finance its activity and restructure its debt by granting it a resource better adapted to the nature of its interventions in terms of maturity.

In line with its financial projections, the ATL has planned for the year 2020 a total of 125 MD.

These implementations will be financed up to 67.2 MD by bond loans, 28.8 MD by local and external bank credits and the rest by the company’s cash flow.

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