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Monday 21 September 2020
Home News Tunisia: subscriptions to "ADVANS SUBORDONNE 2020-1" bond closed

Tunisia: subscriptions to “ADVANS SUBORDONNE 2020-1” bond closed

Stock exchange broker, MAC SA, announced that the subscriptions to the subordinated bond loan “ADVANS SUBORDONNE 2020-1” of 6 million dinars, issued without recourse to the public offering, opened on 29/07/2020, were closed on 30/07/2020, for an amount of 6 million dinars.

The Tunisian subsidiary of the international microfinance institution ADVANS is developing a network of 14 branches in 12 cities of the country, including two opened in November 2019 respectively in Sfax and Sid Bouzid.

The institution offers loans to businesses in urban and rural areas (up to 40,000 dinars) and focuses on providing advice and support to its clients.

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