Tunisia’s Soci ét é Tunisienne de Banque has mandated Arab Banking Corp, Cr édit Lyonnais and Natexis Banques Populaires to arrange a maiden US$75mn five-year syndicated term loan.
The margin is 80bp over Libor plus front-end fees. Proceeds will be used for general funding purposes.
The borrower is the largest commercial bank in Tunisia, majority owned by the government.
