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 Building Namibia’s fiscal strength through purpose-led partnership Supporting the Government of the Republic of Namibia with a ZAR 1.5 billion facility that enables Eurobond repayment obligations and strengthens domestic fiscal resilience. Read more DEALS Distributed Energy. Powering Africa’s low-carbon leap Absa supports CrossBoundary Energy’s $225 million capital raise, contributing up to $100 million to expand renewable infrastructure, enable the mining of critical transition metals such as copper, and extend energy access across underserved African markets. Read more DEALS Seeding success through inclusive partnerships Absa has partnered with HEINEKEN Beverages on a R1.2 billion initiative to support black-owned SMEs across South Africa. As the Fund Administrator, Debt Funder, and Strategic Enabler, Absa will manage two development funds - the Supplier Development Fund and the Enterprise Development Fund to empower at least 125 black-owned SMEs. Read more
