BTK Seeks to Capitalize on Financial Market Opportunities
The BTK aims to take advantage of the financial market boom and the surge in bond issuances by credit institutions. The issue aims to mobilize 40 million Tunisian dinars (Mtnd). Two categories are proposed, with a nominal value of 100 Tunisian dinars (Tnd) per bond. The duration is 5 years, with a constant annual amortization starting from the first year. The difference lies in the amounts and rates, with Category A offering a fixed return of 9.15% with the goal of collecting 16 Mtnd, and Category B issued at a variable rate of TMM + 1.75% aiming for 24 Mtnd.
Subscription Details
Subscriptions to this loan will be open from January 6, 2026, and will close, at the latest, on January 30, 2026. They can be closed without notice as soon as the maximum amount of the issue is fully subscribed. In the event of non-placement of the entire issue by January 30, 2026, the amount of the issue will correspond to that actually collected by the bank.
Conditions for Launch
The effective launch of subscriptions to this loan remains subject to the publication by the rating agency Fitch Ratings on its website of the final rating of the loan. The rating agency assigned a provisional long-term rating of "B (EXP) (tun)" on December 11, 2025.
Objectives of the Operation
The operation aims to strengthen the bank's stable resources to finance its activity and development program, as part of its strategic plan. It will also allow for better matching of resources with uses, both in terms of maturities and rates.
