
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
Issuer | Issue Date | Coupon | Issued Amount | Term | Maturity Date |
---|---|---|---|---|---|
National Microfinance Bank – JASIRI BOND | 26th April 2022 | 8.5 | 74,268,740,000 | 3 Years | 28th March 2025 |
KCB Bank Tanzania Limited | 16th December 2022 | 8.75 | 11,042,500,000 | 3 Years | 16th December 2025 |
National Bank of Commerce | 12th December 2022 | 10 | 38,911,200,000 | 5 Years | 13th December 2027 |
Tanzania Mortgage Refinance Company | 19th June 2018 | 11.79 | 12,521,500,000 | 5 Years | 18th June 2023 |
Tanzania Mortgage Refinance Company | 19th June 2019 | 13.4607 | 9,178,100,000 | 5 Years | 20th June 2024 |
Tanzania Mortgage Refinance Company | 1st June 2021 | 10.48 | 8,879,000,000 | 5 Years | 18th May 2026 |
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