Banque de Tunisie et des Émirats borrows €17.7m to bolster its troubled privatisation
Banque de Tunisie et des Émirats is to issue 50m dinars (€17.7m) in bonds with a par value of 100 dinars.
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▪ Banque de Tunisie et des Émirats borrows €17.7m to bolster its troubled privatisation
▪ Banque de Tunisie et des Émirats is to issue 50m dinars (€17.7m) in bonds with a par value of 100 dinars.
▪ https://www.africabusinessplus.com/en/799059/banque-de-tunisie-et-des-emirats-borrows-e17-7m-to-bolster-its-troubled-privatisation/
The public offering will involve two types of bonds: a 5-year bond with a yield of 11% and a 7-year bond with a yield of 11.5%, tied with a 2-year grace period. The subscription period is open to investors from 21 October to 10 January. These yields are above the average market rate of 7.80 %. The underwriter is the brokerage firm BNA Capitaux.
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