banking

Tunisia: 14 banks mobilize €260 million & $150 million for State Budget

February 14, 2021

The Ministry of Economy, Finance and Investment Support announced Wednesday, February 10 that it has been able to mobilize a syndicated loan of €260 million and $150 millions from a banking pool of 14 local banks.

For the loan in euros, it is spread over 5 years at a rate of 2% (annual repayment) or 2.75% (repayment in two equal installments with three years of grace).

For the dollar loan, it is also spread over 5 years at a rate of 2.75% (annual repayment) or 3.5% (repayment in two installments).

This kind of syndicated loan to finance state budget was used for the first time in Tunisia in July 2017 with the mobilization of €250 million from a pool of 13 banks.

It should be recalled that this syndicated loan was included in the 2021 Finance Act.

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