Zimbabwe: Central Bank in Market for $300 Million Treasury Bills – AuthenticAfrican

Posted on by All Africa

[The Herald] The Reserve Bank of Zimbabwe (RBZ) is back in the market with a fresh batch of Treasury Bills (TBs) - this time with a shorter tenure compared to the last issuance - to raise $300 million Treasury requires to finance key Government programmes. Market intelligence indicated yesterday that part of the financial resources raised will go towards funding the 2019 National Budget needs. The latest fundraising comes as the central bank is liquidating an almost equivalent value of TBs that have matured.