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 Tanzania Mortgage Refinance Company 01/06/2021 10.48 TZS 8,879,000,000 5 Year 01/06/2026 Housing Bond
2 National Bank of Commerce - Twiga Bond 12/12/2022 10.00 TZS 38,911,200,000 5 Year 13/12/2027 Vanilla Corporate Bond
3 Tanzania Mortgage Refinance Company 03/04/2023 10.20 TZS 11,280,600,000 5 Year 03/04/2028 Housing Bond
4 CRDB Bank - Kijani Bond 23/10/2023 10.25 TZS 171,826,440,000 5 Year 23/10/2028 Green Bond
5 National Microfinance Bank Plc - Jamii bond 08/12/2023 2.50 USD 73,000,000 3 Year 08/12/2026 Social Bond
6 National Microfinance Bank Plc - Jamii bond 12/12/2023 9.50 TZS 212,940,980,000 3 Year 12/12/2026 Social Bond
7 Tanga Urban Water Supply and Sanitation Authority - Sub National Bond 30/04/2024 13.50 TZS 53,120,000,000 10 Year 30/04/2034 Green, Water, Sub-national Bond
8 National Bank of Commerce - Twiga Bond 10/10/2024 10.75 TZS 27,200,000,000 5 Year 10/10/2029 Vanilla Corporate Bond
9 Stanbic Bank Tanzania Limited 11/10/2024 12.50 TZS 7,700,000,000 5 Year 11/10/2029 Vanilla Corporate Bond
10 Stanbic Bank Tanzania Limited 11/10/2024 13.10 TZS 19,000,000,000 6 Year 11/10/2030 Vanilla Corporate Bond
11 Azania Bank Plc - Bondi Yangu 17/01/2025 12.50 TZS 63,267,980,000 3 Year 17/01/2028 Vanilla Corporate Bond
12 CRDB Bank - Samia Infrastructure Bond 10/02/2025 12.00 TZS 323,090,780,000 5 Year 10/02/2030 Infrastructure Bond
13 Revolutionary Government of Zanzibar - Sukuk Bond 21/05/2025 10.50 TZS 164,599,001,000 7 Year 21/05/2032 Sukuk, Quasi-sovereign
14 Revolutionary Government of Zanzibar - Sukuk Bond 21/05/2025 4.20 USD 80,736,415 7 Year 21/05/2032 Sukuk, Quasi-sovereign
15 CRDB Bank - Al Baraka Sukuk Bond 08/10/2025 12.00 TZS 125,899,060,000 5 Year 08/10/2030 Sukuk
16 CRDB Bank - Al Baraka Sukuk Bond 08/10/2025 6.00 USD 32,310,020 5 Year 08/10/2030 Sukuk
17 Tanzania Commercial Bank -STAWI Bond 14/11/2025 13.50 TZS 140,244,658,545 5 Year 14/11/2030 Vanilla Corporate Bond
18 National Microfinance Bank Plc - Jamii bond 21/11/2025 12.00 TZS 146,625,000,000 5 Year 21/11/2030 Social Bond
19 Equity for Tanzania - EFTA Bond 13/04/2026 14.00 TZS 33,035,860,000 5 Year 12/04/2031 Agriculture Bond
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