Tanzania, April 16 -- Dar es Salaam. Equity for Tanzania Limited (EFTA) has recorded a strong uptake of its corporate bond, raising Sh33.04 billion-more than double its initial target of Sh15 billion, representing a subscription rate of 220.24 percent.

The bond, which opened on February 10, 2026, and closed on March 16, 2026, attracted robust interest from both retail and institutional investors, reflecting a growing appetite for fixed-income instruments in the domestic capital market.

Following the oversubscription, EFTA obtained regulatory approval to accept the full amount raised and allocate securities proportionately, with all valid applications receiving 100 per cent allocation.

The five-year instrument carries a fixed annual cou...