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Zimbabwe to List Bond on Local Bourse for First Time in 20 Years

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.

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Zimbabwe To List Bond On Stock Exchange For First Time In 20 Years

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. ....

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Zimbabwe to list bond on local bourse for the first time in 20 years

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. ....

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Student hostels construction 69% complete - Zimbabwe Situation

Student hostels construction 69% complete
Judith Phiri, Sunday News Reporter
CONSTRUCTION of the US$14.8 million upmarket accommodation facility to house more than 1 000 students in Bulawayo by the Infrastructure Development Bank of Zimbabwe (IDBZ) has gathered pace with 69 percent complete and is expected to be completed by November 2021.
Responding to questions from Sunday Business, IDBZ chief executive officer, Mr Thomas Zondo Sakala said the Bulawayo Students Accommodation Project (BSAC), which is under construction at an estimated cost of US$14.8 million was at 69 percent complete and is expected to be fully completed in November 2021.
“The project is being undertaken through a joint venture between the IDBZ and three institutional investors, namely Old Mutual, Zimnat and Motor Industry Pension Fund. Overally, the project is currently 69 percent complete and is expected to be fully completed in November 2021, with the operational date set to be the first sem ....

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