Tunisia Leasing has secured the agreement of the Financial Market Council (CMF) for the issuance of a bond worth 30 million dinars, likely to be increased to 40 million, divided into 300,000 bonds of 100 dinars nominal, Liable to be raised to a maximum of 400,000 bonds of 100 dinars of nominal.
The loan consists of two categories which are as follows:
– Class A: 7.55% and / or MMR+ 2.35% gross for a 5-year period.
– Category B: 7.80% gross per year for a period of 7 years, including 2 years of grace.
Subscriptions and payments will be received from March 21, 2017 and terminated without notice no later than June 07, 2017. They may be terminated without notice as soon as the maximum amount of the issue (40 million dinars) is fully subscribed.
Purpose of the issue
Tunisia Leasing, by virtue of its status as a financial institution, is called upon to mobilize in a recurring way the resources necessary to finance its assistance to the economy.
As such, this bond issue will enable the company to finance its activity and restructure its debt by providing it with a resource better suited to the nature of its interventions in terms of maturity.
The company has foreseen for the year 2017 funds that amount to 368 million dinars. These capital increases will be financed to the tune of 110 million dinars by bonds (30 million of which may be increased to 40 million dinars, the subject of this short form prospectus) and 87 million dinars by bank loans and external credits.