CBZ of Zimbabwe to Sell $200 Million Bonds This Year
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CBZ Holdings Ltd., Zimbabwe’s biggest bank, will sell $200 million of bonds backed by Africa Export Import Bank, CBZ Chief Executive Officer Never Nyemudzo said.
Afreximbank will underwrite the debt, which will pay a coupon of 7 percent, Nyemudzo said in an interview in Zimbabwe’s capital Harare on Aug. 14.