TS30 represents a corporate bond issued by Tosyali Algérie — a major Turkish–Algerian steel producer (roughly 57% of Algeria's national steel output). The programme covers an initial 15 billion DA issuance (expandable to 20 billion DA), with a fixed 5.65% annual coupon and a 5-year maturity. Proceeds finance a new integrated flat-steel complex. Admitted to the Premium Compartment of the Algiers Stock Exchange, the bond is aimed at institutional investors.
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.
