Tanzania Tests Investor Demand for First Hard-Currency Bond Since 2013

email facebook linkedin twitter Whatsapp Tanzania is testing investor appetite for its first hard-currency bond issue since 2013 as it seeks new funding sources for a larger national budget Strong economic growth, stable credit ratings and moderate public debt support a return to international markets, though heavy external borrowing creates exchange-rate risk Any bond would carry higher costs than concessional financing, and the London roadshow may not necessarily lead to an issuance Tanzania sounded out international investors in London on Wednesday about a possible hard-currency bond sale, which would be its first in more than a decade. The East African country held a non-deal investor roadshow with support from ICBC Standard Bank.