Finance

Bond issue 2023: 844 MD mobilised for second instalment (Tunisie Clearing)

Tunisia has succeeded in mobilising an amount of 844 million dinars (MD) under the second tranche of the national bond issue for the year 2023, General Manager of Tunisie Clearing, Maher Zouari, said Friday in a statement to TAP..

He added that this second instalment has thus recorded a response rate of 120%, for an initial amount set at 700 MD.

The amounts subscribed, during the period from May 8 to May 17, 2023, come from stock market intermediaries and banks with respective subscription rates of 78% and 22%.

Zaouri said that the "B" category with a nominal value for each security of 100 dinars and a repayment period of seven years including two years of grace, has allowed to mobilise 686 MD, which represents 81% of the overall amount, while the subscription value in the "C" category with a nominal value for each security of 100 dinars and a repayment period of ten years including two years of grace, has allowed to mobilise 153.8 MD, that is to say, a rate of 18% of the overall amounts.

The "A" category (reserved for the subscriptions of natural persons), with a nominal value of 10 dinars for each security and a repayment period of five years, including three years of grace, made it possible to mobilise 4.6 MD.

About 66.8% of subscribers to the second tranche will benefit from a variable interest rate, while 33.2% of subscribers have subscribed to a fixed interest rate.

The GM of Tunisie Clearing recalled that the subscriptions to the first and second tranches of the 2023 national bond issue have raised nearly 1559 MD while the government has set a target of 2800 MD for the subscription to the four tranches of this issue. The coverage rate for the first tranche amounts to 102%, he stressed.

Regarding the subscribers to the 2023 national bond issue, preliminary indicators showed that banks subscribed to 60% of the total amount, collective investment schemes 10%, insurance companies 10% and other subscribers represent 20% of the total amount.

Source: Agence Tunis Afrique Presse