CRDB Bank’s infrastructure bond generates Sh323 billion

The Minister of State in the President’s Office (Regional Administration and Local Government), Mr Mohammed Mchengerwa (right), arrives at the event organised to announce the results of the Samia Infrastructure Bond issued by CRDB Bank in collaboration with the Tanzania Rural and Urban Roads Agency in Dar es salaam. Left is CRDB Bank chief executive Abdulmajid Nsekela. PHOTO | CORRESPONDENT

By  The Citizen Reporter

Media/news company

Mwananchi Communications Limited

What you need to know:

  • The bond targeted to raise Sh150 billion but investors oversubscribed it by 115 percent, according to a statement issued by the bank

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