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Investments: PTA Bank boon for Dar Exchange.

Tanzania's capital markets will be deepened through a 15bn shilling bond to be issued on the Dar es Salaam Stock Exchange (DSE). The bond, issued by The Eastern and Southern African Trade and Development Bank (also known as the PTA Bank) will be available to a wider cross section of investors with the aim of attracting greater investment to the region. The PTA Bank is the second regional bank, after the East African Development Bank, to issue bonds for trading on the DSE.

The DSE, with a market capitalisation of $695m, was launched in April 1998 and is owned by Burundi, Comoros, Djibouti, Eritrea, Ethiopia, Kenya, Malawi, Mauritius, Rwanda, Somalia, Sudan, Tanzania, Uganda, Zambia, Zimbabwe and the African Development Bank.
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Title Annotation:Business Briefs; Eastern and Southern African Trade and Development Bank and Dar es Salaam Stock Exchange
Publication:African Business
Article Type:Brief Article
Geographic Code:6SOUT
Date:Apr 1, 2004
Words:120
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