Stock market broker, STB Finance, has just announced that subscriptions to the bond issue “STB 2018-11” of 50 million dinars issued without recourse to the Public Call for Savings, open to the public on December 03, 2018, were closed on January 18, 2019, for an amount of 30 million dinars.
The bond issue is intended to ensure the mobilization of stable resources in the medium term necessary for the development of the bank’s activities and to ensure a better backing of long-term jobs.
This issue is intended to give the bank additional stable financial resources to:
Maintain a strong growth rate of its activities, which require significant levels of funds.
Develop the bank’s activities, notably the credit distribution business and market activities.
Further strengthen the bank’s own funds.
Initiate the implementation of its strategic plan 2018-2022, including the financing of the bank’s internal projects.