Tunisia: Banque de l’Habitat to issue $12 million of subordinated bond
Tuesday, 19 February 2019 17:14
Tunisian bank Banque de l’Habitat, announced in a statement published February 14, 2019, that it has obtained the approval of the financial market regulator to issue a TND35 million (about $12 million) subordinated bond.
Baptized “BH subordonné 2019-1”, this bond could be increased to TND50 million. It will be divided into 350,000 bonds with a nominal value of TND100, which could be increased to 500,000 bonds.
Subscriptions will be launched on February 26, 2019, and ended without notice (once the maximum amount of the issuance is reached) on March 26, 2019, at the latest.
The bond will notably be used to “boost the bank’s equity to make it comply with prudential management indicators, meet clients’ demand in terms of credit, acquire the resources needed to implement its business plan and boost its stable resources to a liquidity ratio higher than 90%”.
Live News
-
Canadian Junior AJN Steps Into DRC Gold Sector With 55% Stake in Giro Project
20:05
-
Sierra Leone: Proparco Approves $23M Loan for 600-Ton/Day Flour Mill in Freetown
20:00
-
Senegal Plans to Nationalize Yakaar-Teranga Gas Project
19:40
-
World Bank Installs Resident Representation in E.Guinea Nearly 55 Years After Country Joined Group
19:18
-
Cameroon’s Leasing Margins Plunge 73.6% as Sector Activity Slows Sharply
16:53
-
Cameroon’s Mobile Money Industry Accelerates, Topping CFA135.84bn
16:50
-
Officials Reveal Rice Project on Track to Slash Import Bill and Meet Local Demand
15:19
-
Cameroon Secures New Economic Push as UNDP and Brazil Back Women-Led and Agro-SME Growth
14:42
-
South Africa’s Capitec to Buy Walletdoc for $23.5 Million
14:15
-
Egypt’s MoneyHash, Saudi Amwal Tech to Expand Local Payment Options
14:12
Camtel to launch Blue Money in 2026, entering Cameroon’s crowded mobile money market led by MTN Mo...
Eritrea faces some of the Horn of Africa’s deepest infrastructure and climate-resilience gaps, lim...
Huaxin's $100M Balaka plant localizes clinker production, saving Malawi $50M yearly in f...
Nigeria seeks Boeing-Cranfield partnership to build national aircraft MRO centre Project aims t...
Omer-Decugis & Cie acquired 100% of Côte d’Ivoire–based Vergers du Bandama. Vergers du Band...
AJN Resources moves deeper into African gold with deal for 55% of DRC’s Giro project Acquisition adds Kebigada and Douze Match deposits as gold...
Proparco lends $23 million to Sonoco to build a 600-ton/day flour mill in Freetown Project aims to cut flour imports and supply regional...
Move follows delays, stalled investment decision and BP’s earlier withdrawal Government prioritizes domestic gas supply while keeping option for...
Galp and TotalEnergies strike asset-swap deal giving TotalEnergies control of Namibia’s Mopane find Galp gains stakes in Venus and PEL 91 as firms...
Cameroon’s REPACI film festival returns Dec. 11-13 with 135 short films Events include screenings, masterclasses, panels on social cinema and...
Cidade Velha, formerly known as Ribeira Grande, holds a distinctive place in the history of Cape Verde and, more broadly, in the history of the Atlantic...