banking

Tunisia: STB Bank issues subordinated bond of 70 million dinars

December 30, 2021

STB Bank has just issued a subordinated bond in the amount of 70 million dinars, divided into 700,000 subordinated bonds of nominal 100 dinars; they may be increased to 100 million dinars, divided into 1 million subordinated bonds of 100 dinars nominal.

The subordinated bond is issued under the following conditions:

Category A: 5 years at a fixed rate of 8.70% and/or MMR+2.3% for a subscribed amount of less than 5 million dinars

Category B: 5 years in fine at the fixed rate of 8.95% and/or MMR+2.55% for an amount subscribed less than 5 million dinars

Category C: 5 years at the fixed rate of 9.1% and/or MMR+2.7% for a subscribed amount greater than 5 million dinars

Category D: 5 years in fine at the fixed rate of 9.35% and/or MMR+2.8% for a subscribed amount greater than 5 million dinars

Class E: 5-year fixed rate of 8.70% and/or MMR+2.3% with quarterly interest payment

Class F: 10-year variable rate MMR+2.9%

Class G: 16-year variable rate MMR+3%

Subscriptions to this subordinated loan will open on 30/12/2021 and close without notice no later than 31/01/2022.

They may be closed, without prior notice, as soon as the maximum amount of the issue (100,000,000 DT) is fully subscribed.

africanmanager

banking

The Future of the Point of Sale Is Here:...
January 14, 2022
Mary Kay Continues Its Commitment to Ski...
January 14, 2022
The Need for Open Banking
January 13, 2022