CMSA urges compliance as iTrust launches sh15 billion bond
DAR ES SALAAM: THE Capital Markets and Securities Authority (CMSA) has urged financial institutions offering investment services through bonds to comply with regulatory guidelines issued by the authority and the Bank of Tanzania. According to various global financial publications, bond investment is considered one of the safest forms of financial investment compared to other investment … The post CMSA urges compliance as iTrust launches sh15 billion bond first appeared on Daily News. The post CMSA urges compliance as iTrust launches sh15 billion bond appeared first on Daily News.
Black News 
DAR ES SALAAM: THE Capital Markets and Securities Authority (CMSA) has urged financial institutions offering investment services through bonds to comply with regulatory guidelines issued by the authority and the Bank of Tanzania.
According to various global financial publications, bond investment is considered one of the safest forms of financial investment compared to other investment avenues.
Despite this perceived safety, stakeholders have stressed the need for strict adherence to laws governing the provision of financial services, with companies and financial institutions required to follow guidelines set by the Bank of Tanzania and the Ministry of Finance.
Speaking during the launch of a bond issued by financial services institution iTrust, which offers a 13 percent return with a four-year maturity period, CMSA Director of Research, Policy and Planning, Alfred Mkombo, said institutions providing financial services, including bond sales, have a responsibility to comply with the law in order to ensure fairness and transparency in service delivery.
Earlier, Chief Executive Officer of the Dar es Salaam Stock Exchange, Peter Nalitolela, said the launch of the bond, valued at more than 15 billion Tanzanian shillings, is expected to contribute to the growth of the country’s capital markets sector.
Meanwhile, iTrust Finance Chief Executive Officer Faiz Arab said the bond was designed to attract a wide range of investors, with the minimum investment amount set at 500,000 Tanzanian shillings, making it accessible to both individual and institutional investors.
The post CMSA urges compliance as iTrust launches sh15 billion bond first appeared on Daily News.
The post CMSA urges compliance as iTrust launches sh15 billion bond appeared first on Daily News.
