Fresh opportunity for investors as NMB floats sustainability bond
From left: NMB Bank Plc CEO Ruth Zaipuna, Treasury Registrar Nehemiah Mchechu and the bank’s board chairman, Dr Edwin Mhede lift their hands to symbolize the launch of the NMB Jamii Bond in Dar es Salaam yesterday. PHOTO | THE CITIZEN CORRESPONDENT
Dar es Salaam. NMB Bank Plc floated a three-year sustainability bond yesterday in a deliberate effort to increase funding for climate-related projects while also providing investors with a new and attractive investment channel.
Codenamed NMB Jamii Bond, the proceeds of the debt security will contribute to building resilience against the negative impacts of climate change, achieving sustainable infrastructure, promoting efficient and sustainable use of natural resources such as water and energy, and supporting other essential environmental and social projects that touch Tanzanian communities.
