EA bank set to list additional corporate bonds at bourse

The East African Development Bank (EADB) intends to list more corporate bonds on the Uganda Securities Exchange (USE) to make long-term finances available for investment projects in the country.

This will be the third time EADB is listing corporate bonds on USE.

EADB director general Vivienne Yega said, “With the last bond instrument having been successfully issued in Uganda and all other member states, and with the bank having firmly put on a profitable footing required by the regulators in the region to tap into the local capital markets, preparatory works are ongoing for the issuance of bonds to raise local currency capital in all member states.”