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Saturday 19 June 2021
HomeNewsTunisia: BIAT issues subordinated bond loan of 80 million dinars

Tunisia: BIAT issues subordinated bond loan of 80 million dinars

BIAT has decided to issue a subordinated bond loan 2019-2 without recourse to the Public Offering.

The total amount of this loan is set at 80 million dinars which may be increased to a maximum amount of 105 million divided into 800,000 bonds that may be raised to 1,050,000 bonds of nominal 100 dinars.

Subscriptions and payments to this subordinated loan will be received from December 17, 2019 from BIAT counters, and closed no later than January 17, 2020.

The issuance of the loan will enable BIAT to strengthen its equity capital and therefore improve its solvency and risk concentration ratios.

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