Tunisie Leasing & Factoring has decided to issue a bond “TLF 2024-1” for an amount of 30 million dinars, which can be increased to 50 million dinars, divided into 300,000 bonds, that can be raised d to 500,000 bonds with a nominal value of 100 dinars.
The Board of Directors has set the maturity and interest rates of the issue as follows 10.60% and/or MMR + 2.50% gross per annum over 5 years. Subscription at the floating rate is limited to a maximum of 100,000 bonds.
Subscriptions for this issue will open on March 12, 2024 and close without notice on May 17, 2024 at the latest. Subscriptions will be accepted up to the number of bonds issued, i.e. a maximum of 500,000 bonds.
However, the opening of subscriptions for this issue remains subject to the publication of the final rating of the issue by Fitch Ratings on its website.
Subscriptions and payments for this bond issue will be accepted from March 12, 2024 at the counters of TUNISIE VALEURS, Amen Invest and other stock exchange brokers.
The TLF’s status as a financial institution requires it to mobilize on a recurring basis the resources necessary to finance its contributions to the economy.
This bond issue will therefore enable it to finance its activities and restructure its debt by providing it with a resource more suited to the nature of its interventions in terms of maturity.
For 2024, the company has planned to issue 413 million dinars. These calls will be financed to the tune of 80 million dinars by bond issues, 115 million dinars by bank loans and 25 million dinars by external loans.
