Tanzania’s CRDB Eyes Bond Sales After Investors Lap Up Issuances

CRDB Bank Plc, Tanzania’s largest lender by assets, is weighing a return to the debt market after robust investor appetite for its oversubscribed bonds.

Last week, the lender closed its latest offer — a sukuk that offered a 12% coupon, Managing Director Abdulmajid Nsekela said. That followed a $61 million infrastructure bond earlier in the year and the listing of an inaugural green bond on the Luxembourg Stock Exchange in July.