Corporate Bond

A corporate Bond is a fixed income instruments issued by a company in order to raise capital. The corporate Bond Market in Tanzania enables companies' access long term capital at competitive rates enhancing their growth and development.


Benefits of Issuing Corporate Bond

For Investors

  • 1. Corporate Bonds are less risky and less volatile compared to other asset classes
  • 2. Wide array of bonds to enable investors build strong portfolios
  • 3. Corporate bonds are liquid offering investors easier exit and entry
  • 4. Corporate bonds are liquid offering investors easier exit and entry

For Customer

  • 1. Ability to raise long term capital at affordable rates to fund growth
  • 2. Faster way to raise capital compared to other forms of raising capital
  • 3. Access to a wide array of investors

S/N Issuer Issue Date Coupon (%) Currency Issued Amount Term Maturity Date Type
1 NBC TWIGA BOND TRANCHE 1 12/12/2022 10.00 TZS 38,911,200,000 5 Year 13/12/2027 Vanilla Corporate Bond
2 TMRC BOND TRANCHE 4 03/04/2023 10.20 TZS 11,280,600,000 5 Year 09/05/2028 Housing Bond
3 CRDB RETAIL BOND TRANCHE 1 (SUSTAINABLE) 23/10/2023 10.25 TZS 293,114,380,000 5 Year 23/10/2028 Sustainability Bond
4 NMB BOND TRANCHE 1 (SUSTAINABLE/JAMII)-USD 08/12/2023 2.50 USD 73,000,000 3 Year 08/12/2026 Social Bond
5 NMB BOND TRANCHE 1 (SUSTAINABLE/JAMII)-TZS 12/12/2023 9.50 TZS 212,940,980,000 3 Year 12/12/2026 Social Bond
6 TANGA WATER GREEN BOND 30/04/2024 13.50 TZS 53,120,000,000 10 Year 02/05/2034 Green, Water, Sub-national Bond
7 NBC TWIGA BOND TRANCHE 2 SERIES 1 10/10/2024 10.75 TZS 27,200,000,000 5 Year 10/10/2029 Vanilla Corporate Bond
8 STANBIC BANK CORPORATE BOND 11/10/2024 12.50 TZS 7,700,000,000 5 Year 11/10/2029 Vanilla Corporate Bond
9 STANBIC BANK CORPORATE BOND 11/10/2024 13.10 TZS 19,000,000,000 6 Year 11/10/2030 Vanilla Corporate Bond
10 AZANIA BANK BOND (BONDI YANGU) 17/01/2025 12.50 TZS 63,267,980,000 4 Year 16/12/2028 Vanilla Corporate Bond
11 SAMIA INFRASTRUCTURE BOND 10/02/2025 12.00 TZS 323,090,780,000 5 Year 10/02/2030 Infrastructure Bond
12 ZANZIBAR SUKUKU BOND TRANCHE1- TZS 21/05/2025 10.50 TZS 164,599,001,000 7 Year 21/05/2032 Sukuk, Quasi-sovereign
13 ZANZIBAR SUKUKU BOND TRANCHE1- USD 21/05/2025 4.20 USD 80,736,415 7 Year 21/05/2032 Sukuk, Quasi-sovereign
14 ALBARAKAH SUKUK BOND 08/10/2025 12.00 TZS 125,899,060,000 5 Year 08/10/2030 Sukuk
15 ALBARAKAH SUKUK BOND 08/10/2025 6.00 USD 32,310,020 5 Year 08/10/2030 Sukuk
16 TCB STAWI BOND 14/11/2025 13.50 TZS 140,244,658,545 5 Year 14/11/2030 Vanilla Corporate Bond
17 NMB BOND TRANCHE 2 (2025/2030) 21/11/2025 12.00 TZS 146,625,000,000 5 Year 21/11/2030 Social Bond
18 MAKAZI BOND 02/04/2026 13.00 TZS 28,795,400,000 4 Year 02/04/2030 Vanilla Corporate Bond/Housing Financing
19 EQUITY FOR TANZANIA LIMITED (EFTA) BOND 13/04/2026 14.00 TZS 33,035,860,000 5 Year 12/04/2031 Agriculture Bond
20 MAPATO SUKUK BOND 28/05/2026 11.00 TZS 30,236,900,000 3 Year 28/05/2029 Sukuk
21 TMRC NYUMBA BOND 12/06/2026 11.00 TZS 30,235,050,000 5 Year 12/06/2031 Vanilla Corporate Bond
22 ITRUST BOND 29/06/2026 13.00 TZS 114,117,340,000 4 Year 29/06/2030 Vanilla Corporate Bond
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