Tanzania: Seven-Year Bond Undersubscribed

HIKED yields in the seven-year bond auctioned on Wednesday this week failed to entice investors in the long term papers ending up undersubscribed by 43 per cent.
HIKED yields in the seven-year bond auctioned on Wednesday this week failed to entice investors in the long term papers ending up undersubscribed by 43 per cent.
The investment of Chinese companies in Tanzania has hit the $ 1b mark over a period of one year.
THE shilling fell below strong support levels to hit a three-month low of 1580.11 yesterday, as the market saw slight increase in demand for US dollars.