London, July 24, 2026 – The International Finance Corporation (IFC, Aaa/AAA), a member of the World Bank Group, marked its inaugural Tanzanian shilling bond issuance today at the London Stock Exchange. The TZS 262.5 billion (US$100 million equivalent) 5-year bond is the largest TZS-denominated issuance to date in international capital markets.
The bond carries a 7.60% coupon and was placed with European institutional investors. Goldman Sachs International acted as dealer for the transaction.
The issuance supports a US$100 million equivalent Tanzanian shilling loan to NMB Bank Plc to expand financing for micro, small, and medium-sized enterprises (MSMEs) across Tanzania, with 20% dedicated towards women-owned MSMEs. The financing will help businesses access long-term local currency funding, reducing foreign exchange risk while supporting investment, growth, and job creation.
The transaction also supports Tanzania’s Vision 2050 ambition for private sector-led growth and advances IFC’s broader efforts to deepen capital markets and expand access to local currency finance.
The transaction demonstrates the potential of offshore local currency bonds to mobilize international capital and expand local currency financing in emerging markets beyond the capacity of domestic markets. Over the past five fiscal years, IFC has provided over US$50 billion in local currency financing across more than 60 emerging-market currencies.
IFC complements its public issuance by accessing a variety of markets, including through private placements, thematic bonds, and local currency bonds. IFC’s local currency financing helps clients manage foreign exchange risk while mobilizing capital for private sector development in emerging markets.
IFC Tanzanian Shilling Bond Terms
Issuer: International Finance Corporation (IFC)
Issuer Rating: Aaa / AAA (Moody’s / S&P)
Amount: TZS 262.5 billion (US$100 million equivalent)
Trade Date: June 18, 2026
Issue Date: June 25, 2026
Maturity Date: June 15, 2031
Issue Price: 100.00%
Coupon: 7.60%, semi-annual
Redemption: Instalment
Settlement/Payment Currency: US dollar
ISIN: XS3418750645
Listing: London Stock Exchange
Clearing System: Euroclear / Clearstream
Dealer: Goldman Sachs International
About IFC
IFC — a member of the World Bank Group — is the largest global development institution focused on the private sector in emerging markets. We work in more than 100 countries, using our capital, expertise, and influence to create markets and opportunities in developing countries. IFC provides financing to private companies and financial institutions in developing countries, leveraging private sector solutions and mobilizing private capital to create a world free of poverty on a livable planet.
For more information, visit www.ifc.org.
About NMB Bank Plc
NMB Bank Plc, originally established as the National Microfinance Bank, is a leading commercial bank in Tanzania serving individuals, micro, small, and medium-sized enterprises, corporates, institutions, and the public sector.
IFC has a longstanding partnership with NMB to expand access to finance and support capital markets development in Tanzania, including investments supporting the bank’s gender and sustainability bond programs.
For more information, visit www.nmbbank.co.tz.
Disclaimer
This press release is not an offer for sale of securities of the International Finance Corporation (“IFC”). Any offering of IFC securities will take place solely on the basis of the relevant offering documentation including, but not limited to, the prospectus, term sheet and/or final terms, as applicable, prepared by IFC or on behalf of IFC, and is subject to restrictions under the laws of several countries, including the laws of the European Union. Securities issued by IFC may not be offered or sold except in compliance with all such laws. None of the information set forth herein are part of, or incorporated by reference into, the offering documentation.
Under no circumstances shall IFC or its affiliates be liable for any loss, damage, liability, or expense incurred or suffered which is claimed to have resulted from use of this material, including without limitation any direct, indirect, special, or consequential damages, even if IFC has been advised of the possibility of such damages.
For additional information concerning IFC, please refer to IFC’s current “Information Statement”, financial statements and other relevant information available at www.ifc.org/investors.
About The World Bank Group
The World Bank Group has a bold vision: to create a world free of poverty on a livable planet. In more than 100 countries, the World Bank Group provides financing, advice, and innovative solutions that improve lives by creating jobs, strengthening economic growth, and confronting the most urgent global challenges. For more information, please visit www.worldbank.org, www.miga.org, and www.ifc.org.
read more: https://www.worldbank.org/en/news/press-release/2026/07/24/ifc-celebrates-first-tanzanian-shilling-bond-issuance-at-london-stock-exchange
