Dar prepares to float $700 million bond in December

[Koborer]

In Summary

• Analysts said the government’s determination to push through the debt by year end appears meant to capitalise on investor thirst for East African debt.
• Tanzania intends to fund the $1.23 billion Mtwara gas-pipeline project, a $10 billion port at Bagamoyo, new roads, railways and power plants with the funds raised.
• Tanzania’s was first expected to issue the Eurobond two years ago but this was dropped because of the global economic crisis.

Dar prepares to float $700 million bond in December - News - www.theeastafrican.co.ke