Uganda: Bonds Positive Step to Independence

8 October 2009

Kampala — THE week Stanbic Bank announced that a sh30b bond issue had sold out to investors. In addition the PTA Bank is currently looking to raise sh40b from the markets. A bond is an instrument which allows companies or governments to borrow from the public.

Both bonds will trade on the Uganda Securities Exchange (USE), meaning investors who might have bought the bonds and cannot hold them to maturity can sell them to other investors.

...

AllAfrica publishes around 400 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.