Tanzania May Raise Up to $2 Billion in Eurobond Sale

Tanzania may sell as much as $2 billion of Eurobonds after obtaining its first sovereign credit rating by the end of September, Deputy Finance Minister Janet Mbene said.

“We could go up to $2 billion,” Mbene said in an interview yesterday in the Kenyan capital, Nairobi, where she was attending a meeting of the African Trade Insurance Agency. “Going by investor confidence, we are able to raise a significant amount of money.”