AL30 represents a corporate bond issued by Arab Leasing Corporation (ALC) — the first leasing company established in Algeria (2001). The bond was issued for 3 billion DA in nominal value (300,000 bonds at 10,000 DA each), carries a 5-year maturity and a fixed 5.65% annual coupon, and trades on the Professional Investor Market of the Algiers Stock Exchange, reserved for qualified institutional buyers. Proceeds refinance ALC's equipment-leasing portfolio across transport, construction, automotive, and real estate.
At a glance
Issued by a company. Carries the credit risk of that issuer in addition to interest rate risk.3.8 years to maturity. Moderate sensitivity to interest rate changes.Coupon rate 5.65% — in line with the typical Algerian sovereign range.Principal is returned gradually — 2,000 DZD per bond every year, not just at maturity. The outstanding face value (starting at 10,000 DZD) shrinks each year, so coupon payments get smaller over time but you receive cash sooner.Both coupons and capital gains on this bond are exempt from IRG and IBS for the life of the security, under the Loi de Finances 2024 exemption for 5-year+ bonds listed in the 2030 window.No volume in the most recent session. Quoted price may be a stale carry-over rather than a live market print.
