The Banque Internationale Arabe de Tunisie (BIAT) announced that subscriptions to the subordinated bond loan of 100 million dinars likely to be increased to a maximum amount of 200 million, issued without recourse to the public offering, open from October 16, 2020 to December 16, 2020 inclusive, then extended to January 15, 2021 were closed for an amount of 113.4 million dinars.
This bond issue will enable BIAT to strengthen its equity capital and therefore improve its solvency and risk concentration ratios, in accordance with the prudential rules set by the Central Bank of Tunisia (BCT).
