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HomeNewsTunisia: BIAT launches bond loan of 80 million TD

Tunisia: BIAT launches bond loan of 80 million TD

The “Banque internationale arabe de Tunisie” (BIAT) has launched a subordinated bond loan of 80 million dinars to increase its own funds.

According to the ecofin website, this loan is divided into 800,000 subordinated bonds with a nominal value of 100 dinars each.

Subscriptions to this loan, which began on March 15, will be closed on April 14, 2017 at the latest.

The operation will enable BIAT to strengthen its capital base and therefore improve its solvency ratio, in accordance with the new prudential rules issued by the Central Bank of Tunisia in July 2016.

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