Tanzania: 15-Year Bond Enters Market With a Bang

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.

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