ABC Tunisia issues an $8.2 million bond to finance its development strategy

ABC Tunisia, a subsidiary of Bahrain-based Bank ABC group, announced the placement of a bond loan worth TND20 million ($ 8.2 million) broken into 200,000 bonds valued at TND100 each.

This bond placement will focus on three categories. Category A with an interest rate of 8.20% over a 5-year period, category B with a slightly higher interest rate (8.40%) and a maturity of 7 years while Category C has a term of 7 years with an interest rate of 8.50%.

With this step, Bank ABC Tunisia hopes to raise additional resources to support its future development strategy and accelerate growth through branch network and client portfolio expansion.

Let’s recall that this bond issuance and its terms were decided last September by the Bank’s board.

TunisianMonitorOnline (ecofinagency)

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