The total commitments collected following the closing, on March 16, of subscriptions to the first instalment of the national bond loan, reached approximately 555 million dinars (MD) Maher Zouari, Managing Director of Tunisie Clearing, a structure in charge of centralising subscriptions, told TAP on Friday.
For an initial amount set at 350 MD, this first instalment recorded a response rate of 160%. Subscriptions to the first instalment, which started on March 3, represent 40% of the total amount of the national loan, provided for in the 2022 Finance Law, which is nearly 1,400 million dinars, he added.
“The amounts subscribed come from stock market intermediaries and banks with respective subscription rates of 77% and 23%”. As to the repayment period, Zouari pointed out that the 5-year subscriptions (Category A) were up to 10 million dinars, i.e, 2% of the total amount.
For 7-year subscriptions (category B), they reached 475 million dinars (86%). As for subscriptions for a period of 10 years (category C), they were 70 MD, i.e, 12% of the total amount.
Regarding subscribers, the CEO of “Tunisie Clearing” stressed that their number varies between 1,500 and 2,000, specifying that the financial sector (banks, insurance companies, organisations for collective investment in transferable securities and others) subscribed to about 70% of the total amount.
A presidential decree n ° 2022-68 of February 4, 2022, relating to the issue of a national bond loan, was published, on February 4, 2022, in the Official Gazette of the Republic of Tunisia (JORT). The goal of this loan is to cover part of the needs of the 2022 State budget.
