Taysir Microfinance to Hold Ordinary General Meeting
Taysir Microfinance will convene its shareholders in an ordinary general meeting on September 26, 2025. The agenda will primarily focus on obtaining authorization for the issuance of bond loans with a maximum amount of 200 million Tunisian dinars (Mtnd), valid until September 26, 2028.
Key Points to be Discussed
- The meeting will also be called upon to decide on the issuance of subordinated debt, limited to 50 Mtnd, with a validity period of three years.
- The precise terms of these issuances will be determined by the general management, delegated by the board of directors.
Accelerating Development
These initiatives demonstrate the microfinance institution's willingness to accelerate its development over the next few years. As of the end of 2024:
- The outstanding balance of customer loans stood at 174,090 Mtnd.
- The amount of bond loans currently in effect and not yet due is 52,172 Mtnd. Taysir has always honored its financial commitments, facilitating future fundraising on the market.
Subordinated Debt
The subordinated debt aims to strengthen the institution's prudential ratios, as these instruments are taken into account in the calculation of net own funds.
Opportunities for Investors
For investors, these issuances represent an investment opportunity with generally higher rates than those offered by debt instruments issued by traditional credit institutions. While interest rates tend to decrease, microfinance institutions can offer attractive returns. These levels of remuneration reflect a higher risk, but they do not undermine the institution's profitability, considering the rates applied to the granted financing.
