Capital Markets & Securities Authority has granted  NMB Bank with approval to start issuing bonds on the 10th May 2016 to  8th June 2016  at an interest rate of 13% which will be paid twice a year- that is 6.5% after every six months. The NMB Bond will last over a period of three years and the minimum investment is TZS 500,000/=.

NMB has reached the decision to issue bonds due to many reasons but just to mention a few,  issue of bonds to the public will widen the bank’s funding base and collect more funds so that new loans can be given to customers. The bank  also aims to  provide local investors with a new investment product besides shares and government bonds and last but not least, the NMB bond will stimulate the development of the local capital markets through financial inclusion. NMB Bond is open to  individuals and groups who are welcome to submit their bond applications at any of over 175 NMB branches countrywide or any of our approved bond brokers.

To find out more about the NMB Bond please click HERE