East African Development Bank Floats $10.8 Million Bond for Partial Investment in Ugandan Microfinance

The East African Development Bank (EADB) is floating a $10.8 million bond with a seven-year tenure to raise funds for its projects in Uganda, which often require local currency, microfinance in particular. Established in 1980, the EADB provides financial services in its member states of Kenya, Uganda, and Tanzania, and had total assets of $190.3 million at year end 2003—the latest information available.
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