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HomeNewsTunisia: Hannibal Lease issues a bond of 30 million dinars

Tunisia: Hannibal Lease issues a bond of 30 million dinars

Hannibal Lease has obtained the approval of the Financial Market Council (CMF) for a bond issue (HL 2018-02) in the amount of 30 million dinars, which may be increased to a maximum of 40 million, divided into 300,000 bonds that can be raised to a maximum of 400,000 bonds of 100 dinars nominal.

The loan consists of two categories:

Category A with a duration of 5 years: 11.15% and / or MMR + 3.50% gross per year

Category B with a term of 7 years including 2 years of grace: 11.50% gross per year.

Subscriptions to this loan will be opened on December 27, 2018 and closed without notice by February 25, 2019. They can be closed without notice as soon as the maximum amount of the issue (40 million dinars) is fully subscribed.

Subscriptions to this loan and the payments will be received from the stock market broker MAC SA.

This operation is part of the mobilization of resources necessary for the operations, which amounts to 350 million dinars over the period 2018/2019.

Indeed, the total requirement for bond resources financing planned for the 2019 financial year is 60 million dinars.


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