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