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 Empowering African Aviation to Soar Higher Absa Corporate Investment Banking enables strategic fleet reintegration and regional expansion for AELF and SAA with a USD 31 million aircraft refinancing solution. Read more DEALS Energising Progress with Africa’s Largest Standalone Battery Facility We are proud to have played a pivotal role in one of Africa’s most significant energy milestones: the Red Sands Battery Energy Storage Project which is set to become the continent’s largest standalone battery energy storage facility to date to move towards construction. Read more DEALS Supporting expansion in SA’s healthcare property market Absa CIB partners with Growthpoint Healthcare Property Holdings on a R950 million facility to finance healthcare infrastructure. Read more