First Ever NFB Corporate Bond Listed on MSE: The New Finance Bank (FNB) has issued a first ever private corporate bond on the Malawi Stock Exchange which economists say is a great milestone in expanding the financial market.
The bank seeks to raise K14 billion in three years through the corporate bond. So far K4 billion has been listed on the Malawi Stock Exchange.
Zandire Shaba, chief executive officer for NFB, said the corporate bond signifies the banks’s desire to participate in the development of the financial market in Malawi.
“If it were possible to say my speech in one sentence, I should have simply said ‘the lion roars again with majestic pride’ we are celebrating that as we continue making strides in contributing to the development of this great nation we are have been listed on the Malawi Stock Exchange, let me say it this is the first ever corporate bond listed on this exchange market,” said Shaba.
The bank seeks to raise K14 billion in three years through the corporate bond. So far K4 billion has been listed on the Malawi Stock Exchange.
Zandire Shaba, chief executive officer for NFB, said the corporate bond signifies the banks’s desire to participate in the development of the financial market in Malawi.
“If it were possible to say my speech in one sentence, I should have simply said ‘the lion roars again with majestic pride’ we are celebrating that as we continue making strides in contributing to the development of this great nation we are have been listed on the Malawi Stock Exchange, let me say it this is the first ever corporate bond listed on this exchange market,” said Shaba.
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