Fidelity’s $5 million bond oversubscribed

ZIMBABWE Stock Exchange-listed Fidelity Life Assurance’s bid to raise $5 million through a bond has been oversubscribed with interest from investors totalling more than $10 million in a boost for the company’s housing project.

This has prompted the company to seek approval from the regulator to be able to raise twice the amount the group was seeking, according to people familiar with the matter.

“The bond was oversubscribed.

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