CRDB Plc: Issuance of Green bond worth TZS 780 Billion (USD 300 Million)

25th August, 2023

All News, CRDB News

To be implemented in 5 years and this year it plans to raise TZS 55 Billion.

A green bond is a fixed income debt instrument used by institutions to raise large sums of money which will be invested into sustainability projects that are environmentally friendly whilst producing profits for their investors.

As for CRDB it intends to use the proceeds of the borrowings to finance activities around infrastructure, renewable energy, manufacturing, construction and water projects

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