Amen Bank to Issue Subordinated Bond Worth 100 Million TND
Amen Bank is set to issue a subordinated bond worth 100 million TND, dubbed "Amen Bank SUBORDONNE 2025-2", through a public savings appeal. The bank's board of directors has obtained authorization from its latest ordinary general assembly, held on April 24, 2025, to issue up to 300 million TND over a period of one year.
Key Features of the Bond Issue
Two categories of bonds are being offered, both with a nominal value of 100 TND per bond:
- Category A: 5-year term, with annual amortization starting from the first year at a variable rate of TMM + 1.65% (gross)
- Category B: 7-year term, with a 2-year grace period, and annual amortization starting from the third year at a variable rate of TMM + 1.75% (gross)
Subscription Period
The subscription period for this bond issue will begin on November 10, 2025, and will close on November 24, 2025, at the latest. However, the subscription period may be closed without notice as soon as the maximum amount of the issue is fully subscribed.
Outlook and Objectives
Given the size of the operation and the relatively short subscription period, it is clear that the issue will be quickly closed. Amen Bank is a reference group with an excellent credit signature, and the success of this bond issue is certain. The primary objective of the issue is to further strengthen the bank's net equity to support its development. As of September 2025, the bank's net credit portfolio stood at 7,255,454 million TND, and its net banking product (PNB) reached 443,219 million TND. These figures are promising, and investors in Amen Bank's equity and debt securities have no reason to worry.
