We offer comprehensive guidance for clients seeking to navigate complex financial landscapes. Whether you're looking to raise capital, restructure your business, or explore strategic growth opportunities, our team of experts is here to provide tailored solutions that align with your financial goals.
Our corporate finance advisory services encompass a broad range of strategic and financial advisory solutions.
Our financial consultancy services offer expert guidance on a wide range of financial matters.
We specialize in advising clients on various market fundraising methods to secure the necessary capital both domestically and internationally.
GUIDELINES FOR ISSUANCE OF CORPORATE BONDS |
Details |
Scope |
Companies meeting these guidelines may issue corporate bonds. |
Prospectus |
Must comply with CMSA Act, regulations, and laws. Sponsoring Broker submits due diligence certificate and checklist. |
Approval and Fees |
Requires Authority approval and payment of prescribed fees. |
Solvency |
Minimum TZS 500 million share capital and reserves; profitable in at least 2 of the last 3 financial periods. |
Leverage |
Total debt ≤ 400% of net worth; banks need Bank of Tanzania's no objection letter; funds to debt ratio ≥ 40%. |
Accountant’s Report |
Covers 3 years of audited accounts. |
Minimum Issue Lot |
TZS 100,000 |
Minimum Principal |
TZS equivalent of USD 500,000 for DSE/EAC listing. |
Offer Period |
Not to exceed 30 days. |
Announcement |
Public notice 1 week before issue, CMSA approved. |
Advisers & Agents |
Appoint advisers, placing agents, receiving bank, registrar, legal advisor, and reporting accountant. |
Dematerialization |
All bonds in dematerialized form, deposited in a CMSA-licensed or EAC central securities depository. |