Row rect Shape Decorative svg added to bottom DEALS Committed to driving positive change Absa | Corporate and Investment Banking > Insights and Events > Committed to driving positive change SHARE We are thrilled to have successfully supported NMB Bank Plc Tanzania (“NMB”) as Joint Lead Transaction Advisor on the launch of their debut Sustainability Bond. The Sustainability Bond, aimed at delivering both positive environmental and social impact to Tanzanian communities, is the first Sustainability Bond to be issued in Tanzania and the East African region at large. NMB successfully issued two tranches valued at TZS212.9bn and USD73mn respectively. The innovative 10-year, TZS1 trillion multi-currency medium term note program secured the largest approval ever from the Capital Markets and Securities Authority in Tanzania and is the largest single issuance in the Tanzanian market. Rated B2 Positive by Moody’s, NMB Bank is the largest bank in Tanzania by market capitalization, and it provides banking services to individuals, small to medium sized corporate clients and large businesses. The net proceeds for the MTN Programme will be used to finance eligible green, social and sustainable projects, in line with the International Capital Markets Association (ICMA) Green and Social Bond Principles, and the ICMA Sustainability Bond Guidelines and will also be used for strategic lending to productive economic sectors. As a pioneering participant in the African Sustainable finance market, we are proud to have collaborated with NMB on this landmark issuance. Contact Robert Murai for more information https://cib.absa.africa/wp-content/uploads/2020/07/file_example_MP3_700KB.mp3 Related Articles DEALS Clean Power. Multiplied. Accelerating solar infrastructure with R2.1 billion for a resilient, diversified energy market. Absa Corporate and Investment Banking has jointly arranged and financed Anthem’s 475 MW Notsi Solar PV Project, a landmark solar development led by Anthem - a leading independent power producer in South Africa. The total cost for the Notsi Solar PV Project was circa R8.7 billion Read more DEALS Strengthening sustainable mining success Absa Corporate and Investment Banking has supported Tharisa Minerals (Pty) Ltd in advancing its next phase of growth through a multi-currency Platinum Group Metals (PGM) offtake-based Prepayment Facility. Read more DEALS At the forefront of scaling energy progress Absa Corporate and Investment Banking acted as Joint Mandated Lead Arranger, Senior Lender and Hedge Provider on the R3.4 billion financing of Mulilo Energy Holdings’ 219MW Orkney solar PV project. Read more
