The general management of the “Société Tunisienne de Banque” (STB) has decided to issue a bond of 50 million dinars, without recourse to the Public Call for Capital, divided into 500,000 bonds with a nominal value of 100 dinars.
Subscriptions and payments to this loan will be received from 03/12/2018 from STB Finance, Intermediary on the stock market and will be closed no later than 18/01/2019.
The issue of the “STB 2018-1” bond issue is intended to ensure the mobilization of stable medium-term resources necessary for the development of the bank’s activities, and to ensure better backing of long-term positions.
This issue is intended to give the bank additional stable financial resources to maintain a high rate of growth of its activities, which require significant levels of funds, the development of the bank’s activities, particularly the activity of the credit distribution and market activities.
It also aims to further strengthen the bank’s own funds, to commit to the realization of its strategic plan 2018-2022, in particular the financing of the bank’s internal projects.
The bonds of this loan will be offered at interest rates different from the subscriber’s choice, fixed according to the category: Class A: with a duration of 5 years at a fixed rate of 9.25%. Category B: 5-year term at variable MMR+ 2.35%. Category C: with a maturity of 7 years including 2 years of grace at the variable MMR+ 2.65%.
The bonds of this loan are issued for a term of 5 years for category A, 5 years for category B, 7 years including 2 years of grace for category C.