Tanzania, Nov. 23 -- Dar es Salaam. The United Nations Capital Development Fund (UNCDF) has appointed the National Bank of Commerce (NBC) to facilitate the issuance of a green bond for Tanga water authority.

As the lead transaction advisor, the bank will finalise critical steps towards the issuance of the first green bond for improving water infrastructure.

Tanga Urban Water Supply and Sanitation Authority's (Tanga Uwasa) green municipal bond is expected to be issued by the first quarter of 2023, according to a statement issued yesterday.

The announcement for the appointment was cemented by the signing of a strategic agreement with NBC which will lead a consortium of five other financial and licensed capital market advisors.

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