de Carnys Capital Ltd announces Tanzanian loan note investment opportunities

  • Investor funds will be used to purchase a portfolio of Tanzanian Government treasury bonds to deliver a coupon of 8% per annum and the final redemption of the loan notes.
  • The issue is an ethical investment: de Carnys Capital Ltd and its subsidiaries will provide inward investment into Tanzania that will enable the country to develop its human capital, and physical and financial infrastructure, so improving the welfare and prosperity of its population. The Issuers and their associates will work to the highest standards of good governance and ethical business practices within Tanzania.  De Carnys Capital supports the Government of the United Republic of Tanzania in its goal to enable the artisan population to become self-sufficient, healthy and educated, with the ultimate aim of reducing poverty by 50% over the next 10 years.

 

JOHANNESBURG, xxxx – de Carnys Capital Ltd today announced two-year U.S. dollar and sterling loan note opportunities to qualifying subscribers, promising an interest yield of 8% per annum.

The offers are made by invitation only by way of Information Memoranda. The offers will be open for acceptance until the targets of £300 million and $300 million are raised or until the offers are declared closed at the directors’ discretion.

The offers are in two tranches, denominated in sterling and U.S. dollars respectively, of up to a total of 3,000 notes at a price of £100,000 or $100,000 per note. The minimum application size is £100,000 or $100,000. The proceeds of the issue will be used to finance the purchase of treasury bonds issued on behalf of the Government of the United Republic of Tanzania by the Bank of Tanzania (the country’s central bank).

de Carnys Treasury 1 Ltd (DCT1) is the issuer of the sterling notes and de Carnys Treasury 2 Ltd (DCT2) is the issuer of the dollar notes.  Both issuers are 100% owned by de Carnys Capital Ltd (DCC).  DCC, DCT1 and DCT2 are incorporated in England and the notes are documented under English law.

 

Advantages of investing in Tanzanian treasury bonds

According to Jim Coleman, Chief Executive Officer of de Carnys Capital Ltd, investment into the Tanzanian treasury bond sector offers a compelling opportunity and the backing of the Government of the United Republic of Tanzania for the Treasury Bonds further provides a high level of risk mitigation.

Treasury bonds are liquid, with an active secondary market in operation. The rate of return is competitive, they are transferable and negotiable, can be pledged as collateral and are relatively low risk because they are issued and guaranteed by the Government.

Says Coleman, “Treasury bonds are only available through Tanzanian authorised agents of the Bank of Tanzania. The DCC management team and our market facing broker, Archco have spent many years researching the local economy and markets. DCC intends to apply the entirety of funds raised to the purchase of the treasury bonds because we are satisfied that the treasury bonds issued by the Government of the United Republic of Tanzania represent a secure, viable and ethical means to facilitate an attractive investment return for investors.”

ENDS

 


 

ABOUT DE CARNYS CAPITAL

de Carnys Capital offers professional underwriting support services to sovereign, municipal and corporate entities worldwide. Its expertise covers international debt and equity capital markets, mergers and acquisitions, disposals and restructuring. Its management team has many years’ experience at the highest levels of operational, financial and risk management in the international banking sector and has first-hand knowledge of arranging debt and equity funding deals with a global network of banks and investment funds. de Carnys Capital specialises in supporting emerging markets and operates with integrity and to the highest standards of governance and ethics.

 

PR CONTACT:

Gomotsegang Motswatswe

BCW Africa ( Burson Cohn & Wolfe)

o: +27.11.480.8620 | m: +27.79.864.9328

Bridget von Holdt

BCW Africa

o: +27.11.480.8680| m:+27.82.6100.650