Zimbabwe's finance minister Mthuli Ncube. Picture: BUSINESS DAY
Zimbabwe's finance minister Mthuli Ncube. Picture: BUSINESS DAY

Zimbabwe will seek to raise $200m in a debut domestic US dollar bond sale on its stock exchange in Victoria Falls that trades exclusively in foreign currency, says finance minister Mthuli Ncube. 

“We may have it in small tranches, rather than a single big issuance,” Ncube said in an interview from New York, where he is on a roadshow to attract investment into the country. “We might put it in $30m tranches of about six issuances.” 

Zimbabwe is targeting a yield of 6%-9% on the bonds, he said on  Bloomberg Television. 

Subscribe to BusinessLIVE here: https://www.youtube.com/user/BusinessLIVE

subscribe

Would you like to comment on this article or view other readers' comments?
Register (it’s quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.