THE 15-year bond maiden action was received with big excitement, recording 140.3 per cent oversubscription. In the auction conducted by the Bank of Tanzania (BoT) on Wednesday last week, 36.08bn/- was total amount tendered in a bid that sought to collect 15bn/-.
Only 26 bids emerged successful out of 68 received while weighted average to maturity was 16.3 per cent. The government use debt instruments to borrow money from the public for both short and long term investment purposes particularly infrastructure financing.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article