Dar es Salaam, Feb. 19 -- DAR ES SALAAM: THE Samia Infrastructure Bond, launched in November last year, has exceeded its subscription target by more than two times.

The bond, issued by CRDB Bank in partnership with the Tanzania Rural and Urban Roads Agency (TARURA), was officially listed on the Dar es Salaam Stock Exchange (DSE) yesterday.

The 5-year bond raised 323bn/-, surpassing the 150bn/- target by 215 per cent, indicating a significant oversubscription.

The bond issuers have been permitted to keep the entire amount raised through the debt instrument.

Minister of State in the Presidents Office for Regional Administration and Local Government, Mr Mohamed Mchengerwa, described the success as a testament to the power of Public-Priva...