Bondi Yangu
BONDI YANGU
Medium Term Notes (MTN) Program of TZS 100 Billion
Azania Bank Plc is a commercial Bank incorporated and operating in Tanzania. The bank serves a range of customers from corporate customers to retail customers. Since its inception, the bank has grown successfully into one of trusted banks in Tanzania, serving their customers through 25 branches, 11 mini branches, 7 standalone bureau de change, 36 ATMs and more than 5,000 agencies throughout the country.
This is the first time the bank is issuing corporate bond to the market. This issuance is aligned to the bank’s Strategic Business Plan (2023-27).
SALIENT FEATURES
Salient Features of the First Tranche Issuance named Bondi Yangu
| Programme Size | TZS 100,000,000,000 |
|---|---|
| Currency | Tanzanian Shillings (TZS) |
| Instrument | Senior Unsecured |
| Interest Rate Profile | Fixed |
| Tenor | 4-years |
| Maturity | December 2028 |
| Pricing | 12.5% per annual payable quarterly |
| Tax | Tax exempted |
| Use of Proceeds | Funds raised from this issuance will be mainly used to support financial inclusion particularly socio-economic empowerment of women and youth thereby reaching the unbanked population. |
| Offer Opens | 04 November 2024 |
| Offer Closes | 06 December 2024 |
| Listing | Dar es Salaam Stock Exchange |
Get Started
Application Procedures
At the bank branches, the procedure for processing applications received shall be as follows:
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Application Form
An applicant wishing to apply for the Bondi Yangu must complete the application form in accordance with the instructions contained therein and sign.
Once the application form has been completed in accordance with the instruction contained therein, an applicant shall be required to make payment for the applied Bondi Yangu.
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Payment
Payment shall be made by directly depositing the required amount into Bondi Yangu Collection Account Number 033000001881 held with Azania Bank Plc or sign an internal transfer form or deposit a cheque in case of existing customers. Payment can also be made using the available Bank’s alternative channels i.e. Mobile Banking, Internet Banking, etc.
Applicant shall surrender a duly completed application form accompanied by proof of payment at the respective bank’s branch. The applicant shall remain with the stamped leaf detached from the application form or copy of the form for presentation as evidence during collection of the depository receipts.
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Submission
All application forms accompanied by proof of payment shall then be forwarded to Banks’ Head Office (Treasury and Capital Markets Directorate) in batches for further processing on weekly basis.
Important
Important Notes on Applications
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Denomination
Bondi Yangu is denominated in TZS and therefore all payments should be made in TZS.
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Minimum Investment
The minimum amount allowed for investment into Bondi Yangu is TZS 500,000.00 and thereafter in an integral multiple of TZS 10,000.00. If the amount applied for is not in multiples as set out and stated above, the application will be rejected.
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Irrevocable
All applications are irrevocable once submitted and are bound by the terms and conditions as outlined in the Information Memorandum.
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Payment
All payments should be made via Bondi Yangu Collection Account Number 033000001881 held at Oysterbay Branch. -
Posting
Posting into this account should be done with proper narration i.e. full names of the applicant and the transaction reference number are captured correctly on top of the application form for easy of reconciliation.
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No Transaction Fee
There are no transaction fees as all costs relating to the issue of Bondi Yangu have been covered by the issuer (Azania Bank Plc).
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Minors
Minors are permitted to apply for Bondi Yangu with the assistance of their parents or a legal guardian who shall be obliged to sign the application form on their behalf. CSD accounts for minor application should start with Parent/Guardian name ITF Minor’s name to identify minor’s application and parent/guardian should attach both his/her ID together with minor birth certificate.
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FAQ
Hati Fungani ni uwekezaji katika taasisi (hasa serikali au makampuni) kwa kuikopesha taasisi hiyo kwa muda maalum na kwa riba inayoweza kubadilika au isiyobadilika.
Ukiwekeza kwenye hati fungani utalipwa riba inayovutia kipindi kizima cha hati fungani na kurejeshewa fedha zako za msingi mara tu hati fungani itakapokomaa. Pia ukihitaji kurejeshewa fedha zako kabla ya muda wa hati fungani kukomaa, unaweza kuuza hati fungani yako kupitia wakala wa Soko la Hisa la Dar es Salaam (DSE). Hati fungani ya Bondi Yangu italipa riba mara nne (4) kwa mwaka.
Hati fungani ni salama zaidi kuliko uwekezaji mwingine kwa kuwa thamani yake huwa haibadiliki sana lakini pia kuwa kwenye soko la hisa kunatoa mwanya kwa mwekezaji kuuza endapo ataamua kufanya hivyo.
Mwekezaji anatakiwa kujaza fomu ya maombi ya hati fungani (yaani Bondi Yangu) inayopaswa kuambatana na taarifa kamili za akaunti ya benki, akaunti ya uwekezaji ya CSD, nakala ya kitambulisho (pasipoti, leseni ya udereva, kitambulisho cha taifa au kitambulisho cha mpiga kura) na kiwango cha fedha cha uwekezaji kisichopungua TZS 500,000.
Mwekezaji anayo fursa ya kuuza hati fungani ya Bondi Yangu wakati wowote mara baada ya Bondi Yangu kuorodheshwa katika soko la hisa la Dar es Salaam. Mwekezaji atapaswa kuuza Bondi Yangu kupitia kwa mawakala wa DSE wanaotambulika kisheria. Mwekezaji atalipwa fedha yake ya msingi na riba inayolipwa hadi muda huo.
Vitu vya kuzingatia ni kujaza fomu ya maombi, nakala ya kitambulisho, taarifa za akaunti ya benki na akaunti ya uwekezaji ya CSD na kuwa na picha ya pasipoti.
Hii ni hati fungani ya kwanza kutolewa na Benki ya Azania ikiwa na sura za kipekee nchini Tanzania; hati fungani yenye uwekezaji wenye tija inayolipa riba ya 12.50% kwa mwaka, hati fungani pekee ya miaka minne (4) na hati fungani pekee inayolipa riba mara nne (4) kwa mwaka.