Société Tunisienne de Banque USD75,000,000 syndicated term loan facility
- Bahrain: Wednesday, September 10 - 2003 at 12:37
- PRESS RELEASE
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').
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.
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