Hannibal Lease Enters Bond Market for the First Time in 2025
Hannibal Lease is launching its inaugural bond issue on the market in 2025, aiming to raise 40 million Tunisian dinars (MTND). The operation aims to mobilize resources for the company's operations. Subscribers have a single category of bonds with a 5-year maturity at a fixed gross rate of 10.20% per annum. The repayment will be made through an annual constant amortization starting from the first year. Interest and capital repayment will be paid on maturity, on April 28th of each year. Over the placement period, a 100 TND bond will yield a net return of 24,480 TND.
Subscription Period
Subscriptions for this bond issue will open on April 17th and close no later than April 28th, 2025. They may be closed without notice as soon as the maximum issue amount is fully subscribed. Note that the opening of subscriptions is subject to the publication of the final rating by Fitch Ratings on its website. On October 15th, the agency confirmed the company's rating at BB- (tun) with stable outlook, and B (tun) for short-term rating. Provisionally, Fitch Ratings has assigned a BB- (EXP) (tun) rating to the proposed issue, pending final confirmation.
A Lucrative Opportunity
This placement presents a good opportunity, especially given the high yield, while the Central Bank of Tunisia has just lowered its benchmark rate by 50 basis points. It is therefore essential to take advantage of this opportunity, especially since it is a public offering to savers.
