banking

Tunisia: BNA Bank to issue subordinated bond loan of 40 million dinars

October 19, 2020

The “Banque Nationale Agricole” (BNA) has decided to issue a subordinated bond loan of 40 million dinars divided into 400,000 subordinated bonds of 100 dinars in par value, which may be increased to 70 million dinars divided into 700,000 subordinated bonds of 100 dinars in par value and this, without recourse to the Public Call for Savings.

Subscriptions and payments to this loan will be made from October 20, 2020 with the intermediary of the BNA Capital stock exchange and will be closed at the latest on November 23, 2020 at the latest.

The subordinated bonds of the present loan will be offered at different terms and interest rates at the subscriber’s choice, determined according to the category.

The purpose of this issue is to preserve the maturity and interest rate adequacy of the bank’s resources and uses by backing long resources with long uses, and to further strengthen the Bank’s net capital position.

NIGERIA and Tunisia are seeking to strengthen their trade relationships to promote growth in the areas of trade, economy and technology.

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