TANZANIA SHILLING LINE OF CREDIT TO FRB SUBSIDIARY, FIRST NATIONAL BANK OF TANZANIA LIMITED


Overview

  • Reference: P-TZ-HAB-004
  • Approval date: 12/12/2012
  • Start date: 28/04/2016
  • Appraisal Date: 13/12/1901
  • Status: OngoingOnGo
  • Implementing Agency: --
  • Location: Tanzania

Description

To provide a medium-term, multi-currency line of credit of up to the equivalent of USD 300 million ("the Facility") to FirstRand Bank Limited ("FRB" or "the Borrower"), which is a wholly-owned subsidiary of the South Africa based FirstRand Limited ("FirstRand" or "the Group"). The proceeds of the Facility will be used for funding projects in a number of sectors and across a number of African countries.


Key contacts

BYARUHANGA Mpanga Juliet - PISD2


Costs

Finance source Amount
ADBUSD 31,048,669
DeltaUSD 131
TotalUSD 31,048,800