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 Powering South Africa’s energy transition through scalable infrastructure solutions Absa Corporate and Investment Banking partnered with Mulilo Energy Holdings on the financing of the 77MW / 308MWh Hartebeesfontein Battery Energy Storage System (BESS) project, acting as Joint Mandated Lead Arranger, Senior Lender, Hedge Provider and Agent Bank. Read more DEALS Empowering sustainable growth, one phase at a time. We successfully supported the syndication of a USD700 million facility for the Ivanplats Phase 2 expansion – one of the country’s largest new mining projects in more than a decade. Read more DEALS Expanding trade finance access across African markets Access to trade finance remains a key enabler of growth across Africa. Read more
