Zimbabwe: CBZ to issue $200m bonds

Comment on this story

CBZ Holdings would sell $200 million (R2.1 billion) of bonds backed by Africa Export Import Bank (Afreximbank), CBZ chief executive Never Nyemudzo said last week. Afreximbank would underwrite the debt, which would pay a coupon of 7 percent, he said. “We’re going to conclude that bond… this year,” he said. “We have a number of projects in the pipeline from infrastructure to mining and food processing.” CBZ acted as the government’s banker when hyperinflation began. That responsibility had returned to the central bank, Nyemudzo said. – Bloomberg

sign up

Comment Guidelines

  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines