Tanzania 2020 dollar bond joins JP Morgan index

AfricaMap

Johannesburg - Tanzania's debut $600 million international bond has joined JP Morgan's influential emerging markets bond index, the bank said on Tuesday.

The 7-year bond, issued through a private placement in March, has a weighting of 0.11 percent in the EMBI Global Index, JP Morgan said.

The bank said in May it was likely to add the bond to its index.

Tanzania, east Africa's second biggest economy, which does not have a credit rating, has also announced plans to issue a Eurobond. - Reuters

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