Tunisia Secures €356 Million Domestic Syndicated Loan

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Tunisia Secures €356 Million Domestic Syndicated Loan

Tunisia has secured a syndicated loan of €356 million from a pool of 12 local banks to finance its budget, the North African country’s Central Bank has announced. The syndicated loans which has interest rates between 2.25 per cent and 2.5 per cent, will be refunded within three years.

It was signed on March 26, 2019, by the Minister of Finance, Ridha Chalghoum and the managers of the said banks in the presence of Marouane El Abassi, Governor of Central Bank of Tunisia.

The banking pool includes: Banque internationale arabe de Tunisie (€150 million); Union internationale de banques (€50 million); Banque nationale agricole (€30 million); Banque de l’habitat (€30 million); and Attijari Bank (€25 million).

The rest are Société tunisienne de banque (€20 million), Amen Bank (€20 million), Arab Tunisian Bank (€15 million), Banque de Tunisie (€7 million), North Africa International Bank (€5 million), Tunis International Bank (€3 million) and Banque de Tunisie et des Emirats (€1 million).

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