Funding

International Ratings

In 2017, the Bank achieved its first investment grade ratings from Moody’s and Global Credit Ratings (GCR).  Moody’s upgraded the Bank’s long-term issuer rating to Baa3 with outlook stable; GCR rated TDB BBB- with a stable outlook; and Fitch ratings rated TDB’s outlook as ‘stable to positive’ and affirmed the Long-Term Issuer Default Rating at BB.

Resource Mobilisation

Capital Markets Activity

TDB has successfully issued local currency bonds in Tanzania, Kenya and Uganda, as well as in other international markets.
Proceeds of bonds and notes are invested in the respective countries of issuance. All the bonds issued thus far have been listed on their respective Stock Exchanges, thereby enhancing their liquidity attributes.

Syndicated Loan Facilities 

The Bank continued to pursue its funding strategy in 2017, whilst addressing the funding requirements for the year. As such, several funding initiatives were launched to raise medium to long-term funding for general corporate purposes with emphasis on regionally focused syndicated loans.