According to the Bank’s website, the Project entails a subscription/investment of up to US$10 million in Tanzanian Shilling equivalent in a gender bond issuance (“Jasiri Bond”) by NMB Bank Plc (“NMB” or the “Bank”). NMB is issuing up to TZS 25 billion with a Green Shoe Option of TZS (15) billion of a Medium-Term Note (MTN) in the form of a gender bond whose proceeds will be used to support and enhance the bank’s women-owned micro, small and medium enterprises (WMSMEs) portfolio.
NMB Bank Plc
Senior Manager, Financial Institutions & Correspondent Banking
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