(Ecofin Agency) - Tunisia-Kuwait bank, BPCE’s subsidiary owned at 60%, seeks TND10 million ($3.4 million) on the financial market via subordinated bonds.
100,000 bonds are thus issued to investors but it could be raised to 150,000 costing TND100 each.
These bonds can be bought from October 26 to December 31, 2018. The funds sought should help the TSX-listed bank fund investment projects presented by SMEs and boost its own equity, given the banking regulation.
Let’s note that the bank’s net banking product increased by 21% in the first quarter of 2018.