The company Tunisie Leasing & Factoring (TLF) issues a debenture loan of 25 million dinars, likely to be increased to 40 million dinars, divided into 250 000 bonds, likely to be increased to 400 000 bonds of nominal 100 dinars.
The General Management has set the characteristics of the loan as follows:
Amount: 25 million dinars, which may be increased to 40 million dinars;
Rate and duration: 9.60% gross per year and/or MMR+2.75% over 5 years.
The subscriptions to the present bond issue will be opened on March 09, 2022 and closed without notice at the latest on April 8, 2022. They can be closed, without notice, as soon as the maximum amount of the issue (40 million dinars) is fully subscribed.
In case of placement of an amount superior or equal to 25,000,000 dinars at the closing date of the subscription period, i.e. 08/04/2022, the subscriptions to this loan will be closed and the amount of the issue will correspond to that effectively collected by the company at this date.
TLF, by virtue of its status as a financial institution, is called upon to mobilize on a recurring basis the resources necessary to finance its contribution to the economy.
As such, this bond issue will enable the company to finance its activity and restructure its debt by granting it a resource better suited to the nature of its interventions in terms of maturity.
The company has planned for the year 2022 to put in force a total of 363 million dinars.
These stakes in force will be financed up to (i) 60 million dinars by bonds, (ii) 74.5 million dinars by bank credits and (iii) 60 million dinars by external credits.
