CBZ Bank of Zimbabwe to Sell $50 Million of Three-Year Bonds

CBZ Bank Ltd., Zimbabwe’s biggest bank by assets, said it will be selling $50 million worth of bonds today to fund infrastructure projects in the southern African country.

The offer closes on Jan. 28, the Harare-based lender said in a statement published in the Herald newspaper today. The sale is being underwritten by the African Export-Import Bank, it said.

To contact the reporter on this story: Nelson Gore Banya in Harare at ngbanya@bloomberg.net

To contact the editor responsible for this story: Paul Richardson at pmrichardson@bloomberg.net

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