Dar es Salaam. TCB Bank Plc has officially launched the sale of its new Stawi Bond, a five-year medium-term note designed to mobilise funds from the public and deepen Tanzania’s capital markets.
The launch, which took place on Wednesday September 17, was graced by the Deputy Permanent Secretary in the Ministry of Finance, Mr Elijah Mwandumbya, and attended by representatives from key institutions including the Treasury Registrar’s office, the Dar es Salaam Stock Exchange (DSE), and the Capital Markets and Securities Authority (CMSA).
CMSA has approved the Information Memorandum for the bank’s Medium Term Note Programme valued at Sh150 billion, paving the way for the issuance of Tranche 1 of the Stawi Bond worth Sh50 billion.
According to details released, the bond carries an annual interest rate of 13.5 percent, payable quarterly, with a maturity period of five years.
The minimum subscription is Sh500,000 with increments of Sh10,000.
The bond will be listed on the DSE, offering investors the opportunity to trade it in the secondary market.
The issue date has been set for November 14 2025, with maturity falling due on 14 November 2030. Interest payments will be made on 14 February, 14 May, 14 August and 14 November each year.
The coupon payments will be exempt from withholding tax, a measure expected to attract broad participation from retail and institutional investors alike.
TCB said application forms are available at its branches, stockbrokers’ offices, DSE-licensed dealers, and on its website.
The bank called on members of the public to take part in the investment opportunity, describing it as a step towards transforming banking and widening access to financial products.
The bond is expected to play a role in boosting investor confidence and supporting the government’s broader agenda of strengthening the domestic capital markets.
