Tunisia’s Enda Tamweel to issue TND15 mln bond at 12.5% fixed rate
Wednesday, 09 October 2019 17:37
Enda Tamweel, a Tunisian microfinance institution that owns 61% of market share, plans to carry out a bond issue operation totaling TND15 million ($5.2 million) without the use of public offerings. The issue will cover 150,000 bonds with a par value of TND100.
The loan, which will have a maturity of five years, has an annual fixed interest rate of 12.5%. The subscription period runs from 10 to 22 October. Subscribers are required not to sell these bonds to investment companies and fund managers.
The operation is expected to strengthen Enda Tamweel's financial structure, consolidate its resources in the mid and long term and support the development of its business. At the end of August 2019, the rating agency Fitch Ratings assigned a BBB- rating to the Tunisian microfinance institution.
This rating reflects the institution's solvency and financial autonomy. Fitch Ratings also believes that the entry of new investors into Enda Tamweel's shareholder base will support the company's growth ambitions.
Chamberline Moko
Live News
-
Algeria–Italy Forge University Partnerships to Increase Skills and Employability
16:53
-
TVS Motors in Talks to Build Africa’s Largest Motorcycle Plant in Egypt
16:44
-
Government, Business Leaders Map Power Sector Fix to Lift Industrial Output
16:42
-
At Brazzaville Summit: CEMAC Pushes Debt Discipline and Import Substitution to Secure CFA Stability
16:41
-
Cameroon Greenlights FCFA 16.5bn Budget to Power Rural Livestock and Fish Value Chains
16:39
-
Tanzania to Launch MV Mwanza Ferry on Lake Victoria
16:37
-
Camtel Raises $80 Million to Expand Mobile Network Across Cameroon
16:34
-
Kenya’s Payd Targets Freelancers With Low-Cost Global Payments
14:55
-
Guinea Upgrades Cybercrime Directorate to Secure Digital Transformation
14:53
-
Togo’s Mining Output Led by Phosphates as Revenues Remain Concentrated
14:29
Togolese banks provided 16.2% of WAEMU cross-border credit by September 2025 Regional cross...
Microfinance deposits in Togo increased by CFA11.9 billion, a 2.7% rise in the second quarter of 2...
The BoxCommerce–Mastercard Partnership introduces prepaid cards, giving SMEs instant access to e...
Nigeria licensed Amazon’s Project Kuiper to operate satellite services from 2026, setting up dir...
Gas-fired plants and renewables anchor Mauritania’s electricity expansion plan New thermal, solar...
Algeria and Italy signed university partnerships to strengthen research, entrepreneurship, and academic mobility between the two countries. The...
TVS Motors is in discussions to build its first African motorcycle and tricycle manufacturing plant in Egypt, according to the Egyptian Investment...
Tanzania plans to commission the MV Mwanza ferry on January 23, 2026, enhancing regional connectivity and supporting cross-border trade. The...
Camtel secured $80.3 million (44.884 billion FCFA) in syndicated financing from Commercial Bank Cameroon to fund the first phase of its Mobile...
Three African productions secured places among the 22 films competing for the Golden Bear at the 76th Berlin International Film Festival. Berlinale...
Ambohimanga is a hill located about twenty kilometres northeast of Antananarivo, in Madagascar’s Central Highlands. It holds a central place in the...