BIAT stock: bank approves TND 100 million subordinated bond issue

Published on 11/16/2026 at 00:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BIAT stock is in focus as subscriptions are set to open on November 16. The private placement is intended to strengthen regulatory capital and improve risk concentration ratios.

BIAT strengthens its capital position

The subordinated issue will target identified investors through a private placement.
The proceeds are intended to support supplementary capital and improve risk concentration ratios.
Four bond categories offer five- to seven-year maturities with fixed or floating rates.

BIAT, TN0001800457, Illustration mit AI erstellt.

Banque Internationale Arabe de Tunisie approved a new subordinated bond issue on November 6, according to African Manager. The issue, named BIAT Subordonné 2026-2, will start with TND 100 million and may reach TND 150 million.

Private placement opens November 16

The offering will be conducted without a public offering and will target identified investors. Subscriptions are scheduled at BIAT branches from November 16 through December 9, although the bank may close the offering early if the maximum amount is fully subscribed.

The initial issue comprises one million subordinated bonds with a nominal value of TND 100 each. The volume could rise to 1.5 million bonds if the upper limit is reached.

Four maturity and rate options

Investors can choose among four categories with maturities of five or seven years. Fixed rates range from 8.40 percent to 8.80 percent, while floating-rate options are linked to Tunisia's money market rate with margins between 1.40 and 1.80 percentage points.

Categories A and C amortize principal over time, while categories B and D repay principal at maturity. The seven-year Category C includes a two-year grace period.

Capital ratios remain the focus

BIAT said the funds would strengthen shareholders' equity and improve risk concentration ratios in line with prudential requirements set by the Central Bank of Tunisia. The subordinated debt is eligible for inclusion in supplementary capital.

BIAT's banking platform

BIAT describes itself as a multi-specialist financial group serving Tunisian clients and partners. Its activities include retail banking, specialized financial services, corporate financing, investment and correspondent banking. The group also provides products and services for individuals, entrepreneurs and companies in Tunisia.