IPO: Tanga UWASA Green Bond
18th March, 2024
The TANGA UWASA Bond seeks to raise a maximum of Tsh. 53,120,000,000 over 10 years, offering a coupon rate of 13.5% per annum. This rate will not be subject to withholding tax and will be paid semi-annually, every 24th April and 24th October, until maturity. The minimum initial investment is Tsh. 500,000, with increments of Tsh. 100,000, and the offer period runs from 22nd February 2024 to 4th April 2024.
The net proceeds from the bond issue will be utilized under the Issuer’s Green Bond Framework, as specified in the information memorandum.
