LONDON, Feb 26 (IFR) - The United Republic of Tanzania has
set initial price guidance for its upcoming issue of a
seven-year amortising bond in the low 600bp over Libor area.
The unrated East African sovereign is targeting a size of at
leads USD500m for the floating-rate private placement, according
to market sources.
The Reg S notes have an amortising structure and average
maturity of five years with final due date in 2020. The
principal amortises in nine semi-annual instalments starting on
the notes' third anniversary.
Standard Bank is sole lead on the transaction, which is this
(Reporting By Davide Scigliuzzo; Editing by Sudip Roy)