BIAT Announces the Closure of its Subordinated Bond Issue "BIAT Subordinated 2025-1 for a Total Amount of 150 Million Dinars
Launched on May 5, 2025, this operation was completed on May 21, 2025, reaching the maximum ceiling set.
This bond issue was carried out without a public appeal for savings, which implies that it was limited to a restricted circle of investors, generally institutional ones. The initially planned amount was 100 million dinars, but the expressed interest allowed the operation to reach its authorized maximum.
This is a subordinated bond issue, which means that the issued bonds will be repaid last in the event of financial difficulties, after ordinary creditors. This instrument is often used to strengthen the bank's equity while providing investors with a higher return than classic bond issues.
The transaction confirms the BIAT's ability to mobilize significant financing on the Tunisian financial market, in a context where banks are seeking to consolidate their financial base and respond to prudential requirements.
