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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.