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Article: Uganda: PTA Bank issues $213 bond.
- Article from:
- TendersInfo
- Article date:
- November 9, 2009
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Byline: datta03
Eastern and Southern African Trade and Development Bank (PTA Bank) has issued a $21.3 million (Ush40 billion) corporate bond to be listed on the Uganda Stock Exchange (USE).
Stanbic Bank is playing the role of arranger and lead placing agent for the issue while the sponsoring broker and co-placing agent is African Alliance Uganda Limited.
The bank's president, Dr. Michael Gondwe told East African Business Week in an interview that there is a lot of money in Uganda that can be mobilized for onward lending to people who are interested in investing in agriculture, transport capital, machinery, mining and real estate which money ...