Tanzania: NBC Bond Trades at DSE Following a Successful Sale.

The National Bank of Commerce (NBC) bond, which was recently completed, is now open to investors through the Dar es Salaam Stock Exchange (DSE), where it was listed.

The NBC Twiga bond was completed on December 7 following a 130 percent subscription during the one-month primary trading period.

To expand its financing of businesses and other economic activities, the bank hopes to raise Sh300 billion over the next five years.

According to him, the listing of Twiga Bond on the stock market will create more opportunities for additional bond trading.

Throughout the five-year investment term, investors in the NBC Twiga Bond would receive quarterly interest payments at a rate of 10% annually.

TC