The “Banque Nationale Agricole” (BNA Bank) has just issued a subordinated debenture loan of an amount of 50 million dinars divided into 500.000 subordinated bonds of 100 dinars nominal, likely to be increased to 70 million divided into 700.000 subordinated bonds of 100 dinars nominal and this, without recourse to the Public Call for Savings.
The subscriptions and payments to this loan will be received as from May 31, 2021 at BNA Capitaux, Stock Exchange Intermediary and will be closed at the latest on June 04th 2021.
The subscriptions can be closed without prior notice as soon as the amount of 70 million dinars is fully subscribed.
The purpose of the present issue is to preserve the adequacy between the maturities and the rates of the resources and the uses of the bank by backing long resources to long uses.
It also aims to further reinforce the net equity of the Bank in application of the circular of the Central Bank of Tunisia No. 91-24 of 17/12/1991 which refers to subordinated loans to define the complementary equity, components of the net equity.