The “Société Tunisienne de Banque” (STB Bank), a key player in the Tunisian economy, and the stock exchange intermediary, STB FINANCE, announced that subscriptions to the subordinated bond issue “STB 2021-1” issued for an amount of 70 million dinars divided into 700,000 subordinated bonds of nominal 100 dinars likely to be increased to 100 million dinars divided into 1. 000.000 subordinated bonds, were successfully closed on January 31.
The amount of the subscription is 100 million dinars, without recourse to an extension period.
This issue will serve to ensure the balance of the asset-liability management of the bank, by backing long resources to long jobs, to further strengthen the net equity, and to provide the necessary resources for the realization of the bank’s strategic plan 2021-2026.
The General managements of STB Bank and STB FINANCE said they were pleased with this success which confirms the confidence enjoyed by STB Bank on the financial market in view of its financial solidity and thank all the subscribers for their trust.
