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IDBZ bond undersubscribed

HARARE – Infrastructure Development Bank of Zimbabwe (IDBZ)’s $30 million infrastructure development bond has been undersubscribed by $17 million. The funds are earmarked for the retrofitting of electricity prepaid meters. The three-year bond, with a 10 percent fixed rate, had a total subscription performance rate of 59,41 percent. It had a principal repayment period of…

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