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Thursday 17 June 2021
HomeNewsTunisia: STB Bank issues 35-million-dinar subordinated bond

Tunisia: STB Bank issues 35-million-dinar subordinated bond

The STB Bank has just secured the approval of the Financial Market Council (CMF) for the issue of a subordinated bond loan of 35 million dinars divided into 350,000 subordinated bonds of 100 dinars nominal value, which may be increased to 50 million dinars, divided into 500,000 subordinated bonds of 100 dinars nominal value.

Subscriptions to this subordinated loan will be opened on March 16, 2020 and closed no later than April 16, 2020.

The STB Bank plans to issue this loan in 2020 to further increase its net equity capital, preserve the adequacy between maturities and rates of resources and uses, ensure the mobilization of stable resources in the medium term, comply with prudential management indicators, develop the bank’s activities and provide the necessary resources to achieve its strategic plan 2019-2023.

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