DAR ES SALAAM, Aug. 14 -- THE overwhelming demand for the governments 25-year bond highlights growing opportunities to tap into local capital markets, reducing exposure to currency volatility and strengthening public finances, analysts say.
The Bank of Tanzania last week, auctioned 25 years Treasury bond that ended up at 464.85 per cent overly subscribed with bids exceeding 1.2tri/- against 264.31bn/- offered.
The Wealth Capital Fund Chief Executive Officer, Mr Beatus Mlingi, told the 'Daily News on Wednesday the massive investor interest provides the government with a strong local financing base, reducing its reliance on external borrowing.
“Reducing reliance on costly foreign debt, which becomes more expensive when the shilling...
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