Tunisia: BNA Bank issues bond of 150 million dinars

August 22, 2022

The BNA Bank has decided to issue a subordinated debenture loan of an amount of TND 150 million likely to be increased to 200 million, without recourse to Public Call for Investment.

The nominal amount of the current subordinated debenture loan is divided into 1,500,000 subordinated bonds of 100 dinars in nominal value that could be increased up to a maximum of 2,000,000 subordinated bonds of 100 dinars in nominal value.

The subordinated bonds of the current loan will be offered at different durations and interest rates at the choice of the subscriber, fixed according to the category:

Category A: of a 5-year duration at a fixed rate of 9.6 % and/or MMR + 2.55 %.

Category B: for a period of 7 years including 2 years of grace at a fixed rate of 10.1% and/or MMR + 3%.

The subscriptions and payments to this subordinated loan will be received from August 17, 2022 onwards by the intermediary in the Stock Exchange, BNA Capitaux, and will be closed at the latest on October 3, 2022. Subscriptions can be closed without prior notice as soon as the amount of 200 million dinars is fully subscribed.



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