Société Tunisienne de Banque USD100,000,000 syndicated term loan facility

The closing was marked by a signing ceremony in Tunis on 5th November 2003 attended by senior representatives of both Société Tunisienne de Banque and the Central Bank of Tunisia.

The syndication achieved a significant oversubscription with a total of US$150,000,000 raised from the market and STB elected to increase the facility amount from the initial US$75,000,000 to US$100,000,000. There was broad support from local, regional and international banks with a total of 27 banks including the three Mandated Lead Arrangers participating in the financing. A list of participating banks is attached.

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.