Published: 28 November 2017

The infrastructure Development Bank of Zimbabwe has begun the process of listing its $65 million bonds on the Financial Securities Exchange three years after mulling the idea.

The bonds, floated in 2014, were used to raise funding for the completion of prepaid electricity metering project and the refurbishment of Kariba South Power Station.

IDBZ yesterday said since the issuance of the bonds in November 2014, investors have continued to hold the instruments with no opportunity to trade them on the secondary market prior to maturity.

The principal reason for listing the bonds include broadening market participation in the trading of bonds to include stock broking firms, custodians and qualifying individuals and institutional investors.
- Daily News

You might also want to read this

• IDBZ resolute in supporting NDS1
• IDBZ to bankroll Mat South irrigation scheme
• IDBZ opens new office in Bulawayo
• IDBZ sitting on $36m housing portfolio
• IDBZ, war vets headed for showdown
• IDBZ raises $26m for housing
• IDBZ records bankable projects worth $85,7m
• IDBZ acquires 100 hectares for housing
• IDBZ in shareholding wrangle
• IDBZ to invest $10m in land acquisition