Tunisia: Arab International Lease raises $2 million on local bond market
Monday, 27 November 2017 18:04
Arab International Lease (AIL), a Tunisian leasing firm, has raised five million Tunisian dinars ($2 million) on the local bond market, to reinforce its financial structure and expand.
Without giving details to subscribers, the stock intermediary Société du Conseil et de l’Intermédiation Financière (SCIF) revealed in a statement that the operation which closed on November 17, 2017, was a bond issued outside the stock market.
It is divided in 50,000 bonds worth 100 dinars each. The loan has a maturity period of five years and comes at an interest rate of 8%.
Chamberline Moko
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