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 Bridging markets to unlock bold ambitions Absa Corporate and Investment Banking (CIB) acted as the sole South African bank appointed as Global Coordinator, Joint Bookrunner and Dealer Manager in the successful issuance of a US$500 million international bond for Bidvest. Read more DEALS Advancing greener goals with solar progress At Absa CIB, we believe progress is measured not only by what we build, but by the future we help shape. That’s why our R2.2 billion financing of Red Rocket’s Tournee solar project goes beyond infrastructure – it’s accelerating South Africa’s renewable energy transition for lasting impact. Read more DEALS Innovative Benchmark Solutions Advancing Oil Supply Growth We structured a unique ZARONIA-linked debt facility, to foster supply chain resilience and drive innovation in the South African FMCG sector. Read more
