Zimbabwe to list bond on local bourse for the first time in 20 years
News24
07 May 2021, 05:41 GMT+10
Zimbabwe plans to list a bond on the local exchange for the first time in 20 years to raise funds for the expansion and upgrade of a main highway that links the country to South Africa, which is its largest trading partner.
The $250 million listing by the Infrastructure Development Bank of Zimbabwe will be the first note issuance on the Zimbabwe Stock Exchange since 2001, when municipal bonds with a government guarantee were listed, the bourse s chief executive officer, Justin Bgoni, said on Thursday.
A listing date has not yet been confirmed. Thomas Zondo Sakala, chief executive officer and Willing Zvirevo, director at IDBZ didn t immediately answer calls to their mobile phones seeking comment. In March, the lender said it will take three months to issue the infrastructure bond, as it canvasses for investor support.
Zimbabwe to List Bond on Local Bourse for First Time in 20 Years thezimbabwemail.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thezimbabwemail.com Daily Mail and Mail on Sunday newspapers.
Bloomberg
ZIMBABWE plans to list a bond on the local exchange for the first time in 20 years to raise funds for the expansion and upgrade of a main highway that links the country to its largest trading partner, South Africa.
The $250 million listing by the Infrastructure Development Bank of Zimbabwe will be the first note issuance on the Zimbabwe Stock Exchange since 2001, when municipal bonds with a government guarantee were listed, the bourse’s chief executive officer, Justin Bgoni, said on Thursday.
A listing date has not yet been confirmed. Thomas Zondo Sakala, chief executive officer and Willing Zvirevo, director at IDBZ didn’t immediately answer calls to their mobile phones seeking comment. In March, the lender said it will take three months to issue the infrastructure bond, as it canvasses for investor support.
Timothy Marks
Zimbabwe plans to list a bond on the local exchange for the first time in 20 years to raise funds for the expansion and upgrade of a main highway that links the country to South Africa, which is its largest trading partner.
The $250 million listing by the Infrastructure Development Bank of Zimbabwe will be the first note issuance on the Zimbabwe Stock Exchange since 2001, when municipal bonds with a government guarantee were listed, the bourse’s chief executive officer, Justin Bgoni, said on Thursday.
A listing date has not yet been confirmed. Thomas Zondo Sakala, chief executive officer and Willing Zvirevo, director at IDBZ didn’t immediately answer calls to their mobile phones seeking comment. In March, the lender said it will take three months to issue the infrastructure bond, as it canvasses for investor support.