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Article: Uganda: PTA issues Shs8.5b bond.
- Article from:
- TendersInfo
- Article date:
- November 5, 2009
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Byline: Mamta03
Housing, agriculture, construction and agro-processing are some of the sectors set to benefit from a Shs8.5 billion bond issued yesterday on the Uganda Stock Exchange by PTA Bank.
The money is the first tranche of a Shs40 billion capital-raising exercise that the bank intends to undertake for the next 12 months. PTA bank - a regional trade and development bank covering 17 African countries including Uganda expects to raise funds from the open market for onward lending to needy sectors to boost the performance of the economy.
Mr Alex Gitari, the bank s director of finance, said the funds that have been raised will finance ...