DAR ES SALAAM, Oct. 15 -- THE I&M Bank Tanzanias Hatua Bond has raised 161.38bn/-, representing an oversubscription of 806.92 per cent against the targeted 20bn/-, setting a new record in Tanzanias corporate bond market.

The bonds performance surpassed the entire 100bn/- Medium-Term Note (MTN) programme that was scheduled for issuance in four phases between 2026 and 2029.

Capital Markets and Securities Authority (CMSA) Chief Executive Officer Nicodemus Mkama said today in Dar es Salaam that the achievement made Hatua Bond the most oversubscribed corporate bond ever issued in the country.

He said the bond had broken the record previously held by iTrust Finance Limiteds iTrust Bond, which raised 114.12bn/- against its target, representin...