TMRC Corporate Bond - Infromation Memorandum

TMRC is pleased to inform the public that on 29th April 2019, Capital Markets and Securities Authority (CMSA) approved the issuance of Tranche 2 of the five years Medium Term Note (MTN) Programme amounting to TZS. 8 billion to be issued as per issue timetable below. Issuance of Tranche 2 follows the approval of five year MTN by CMSA on 11th May 2018 and successful issuance of Tranche 1 amounting to TZS 12 billion in May 2018 which was oversubscribed by 4.3%. Tranche 1 Notes were listed at the Dar es Salaam Stock Exchange (DSE) on 5th July 2018, and the first coupon was paid on 21st December 2018 while the second coupon is due on 21st June 2019. Tranche 2 Notes will equally be listed on the Exchange.

PUBLIC ANNOUNCEMENT

TMRC is pleased to inform the public that on 29th April 2019, Capital Markets and Securities Authority (CMSA) approved the issuance of Tranche 2 of the five years Medium Term Note (MTN) Programme amounting to TZS. 8 billion to be issued as per issue timetable below. Issuance of Tranche 2 follows the approval of five year MTN by CMSA on 11th May 2018 and successful issuance of Tranche 1 amounting to TZS 12 billion in May 2018 which was oversubscribed by 4.3%. Tranche 1 Notes were listed at the Dar es Salaam Stock Exchange (DSE) on 5th July 2018, and the first coupon was paid on 21st December 2018 while the second coupon is due on 21st June 2019. Tranche 2 Notes will equally be listed on the Exchange.

TMRC invites potential investors to subscribe to the MTN as per the timetable below. In case of inquiries, please feel free to contact the undersigned or your CMSA-licensed investment/financial advisor.

INDICATIVE TIMETABLE
The indicative dates for the offer will be as outlined below:

Event Date

1. Approvals from CMSA Done
2. Application Open 30th May, 2019
3. Application Close 10th June, 2019
4. Date of Allocation 14th June, 2019
5. Announcement Date 16th June, 2019
6. Settlement Date 19th June, 2019
7. Dispatch of Notes Certificates 27th June, 2019
8. Commencement of Trading at DSE 29th June, 2019


Oswald Urassa
Chief Finance Officer
Tanzania Mortgage Refinance Co. Ltd
Golden Jubilee Towers, 15th Floor
P.O. Box 7539
Tel: 255 22 2133868
Mobile: 255 754 269119
Email: oswald.urassa@tmrc.co.tz
Dar es Salaam, Tanzania

TMRC_Information_Memorundum

  • Google+
  • PrintFriendly