Proceeds for the Facility will be used for general funding purposes and the transaction will carry a margin of 80 basis points per annum plus front-end fees.
Société Tunisienne de Banque was established in 1957 and is the largest commercial bank in Tunisia. The Republic of Tunisia maintains a shareholding of 52.6% direct/indirect with the remaining shares widely held among individual and private company investors. It has 117 full branches in Tunisia and is considered a 'banque universelle' in the context of Tunisia.
Arab Banking Corporation (B.S.C.), Crédit Lyonnais and Natexis Banques Populaires will act as Joint Bookrunners while Crédit Lyonnais will act as the Facility Agent and Natexis Banques Populaires as the Documentation Agent.
Syndication is due to be launched shortly.
Société Tunisienne de Banque USD75,000,000 syndicated term loan facility
Arab Banking Corporation (B.S.C.), Crédit Lyonnais and Natexis Banques Populaires (the 'Mandated Lead Arrangers') are pleased to announce that they have been mandated to arrange and syndicate on behalf of Société Tunisienne de Banque a debut five-year USD75 million term loan facility (the 'Facility').
- Bahrain: Wednesday, September 10 - 2003 at 12:37
- PRESS RELEASE
See Also
Notes and media contacts
For further enquiries, please contact:Arab Banking Corporation (B.S.C.)
John McWall
Tel. +973 543967
Posted by Anne-Birte Stensgaard, Senior News EditorWednesday, September 10 - 2003 at 12:37 UAE local time (GMT+4)
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