RBZ seeks to raise $30m

THE Reserve Bank of Zimbabwe (RBZ) is seeking to raise $30 million through a public auction of Treasury Bills (TBs) to finance government programmes.

BY FIDELITY MHLANGA
This is the first public Treasury Bill sale in seven years after a test run last month to gauge market appetite for government paper. The apex bank has invited banks and building societies to subscribe to the sovereign paper with a 91-day tenure with successful bids to be alloted today.

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