Tanzania shrinks loan, ups bond as quick deal elusive

The Republic of Tanzania has decided to split its borrowing between the loan and bond markets, a change of tack since August when the Ministry of Finance said that issuing a bond would take too long for the sovereign's needs.

  • By Michael Turner
  • 18 Oct 2013

Tanzania approached loans bankers in August for a facility of up to $700m. This would have been the largest ever syndicated loan for a sovereign borrower in sub-Saharan Africa, excluding South Africa, according to Dealogic.

At the time, a Ministry of Finance official told EuroWeek that the country 

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