STB Bank has just issued a subordinated bond in the amount of 70 million dinars, divided into 700,000 subordinated bonds of nominal 100 dinars; they may be increased to 100 million dinars, divided into 1 million subordinated bonds of 100 dinars nominal.
The subordinated bond is issued under the following conditions:
Category A: 5 years at a fixed rate of 8.70% and/or MMR+2.3% for a subscribed amount of less than 5 million dinars
Category B: 5 years in fine at the fixed rate of 8.95% and/or MMR+2.55% for an amount subscribed less than 5 million dinars
Category C: 5 years at the fixed rate of 9.1% and/or MMR+2.7% for a subscribed amount greater than 5 million dinars
Category D: 5 years in fine at the fixed rate of 9.35% and/or MMR+2.8% for a subscribed amount greater than 5 million dinars
Class E: 5-year fixed rate of 8.70% and/or MMR+2.3% with quarterly interest payment
Class F: 10-year variable rate MMR+2.9%
Class G: 16-year variable rate MMR+3%
Subscriptions to this subordinated loan will open on 30/12/2021 and close without notice no later than 31/01/2022.
They may be closed, without prior notice, as soon as the maximum amount of the issue (100,000,000 DT) is fully subscribed.
