The Infrastructural Development Bank of Zimbabwe (IDBZ) has been listed on the Finsec capital markets after raising US$65 million from energy bonds.
The listing of IDBZ shares is expected to provide a platform towards mobilisation of funds to cater for investor requirements on several energy projects.
IDBZ listed two infrastructure bonds in 2014 with a total nominal value US$65 million with a nominal value of US$50 million.
The two bonds become the first to be listed on Finsec.
Permanent Secretary in the Ministry of Finance and Economic Development, Mr Willard Manungo, said this listing is an indication of the bank’s commitment towards ensuring the smooth take-off of capital projects that have a potential to unlock value in the economy.
IDBZ head of resource mobilisation Willing Zirevo said the listing gives investors the opportunity to sell off their bonds.
The listing of the two bonds is expected to provide impetus to debt capital markets to present more opportunities for investors.