Events

Premier Sukuk, a private offer, the first of its kind in Sub-Saharan Africa and beyond, was launched today the 11th July, 2024 at Hyatt Regency Hotel, Dar es Salaam (formally The Kilimanjaro Hotel). The event was graced by the presence of CPA Nicodemus Mkama, the Capital Markets and Securities Authority (CMSA) Chief Executive Officer, Madame Mary Mniwasa (The Acting Dar es Salaam Stock Exchange (DSE) Chief Executive Officer, Yusra Sukuk Executive Chairman and Board of Directors and other dignitaries as well as Sukuk transaction parties and investors. The Sukuk bond categorized by CMSA as a Socially Responsible Investment (SRI) instrument garnered TZS 1.94 billion Tanzanian Shillings from the original intended TZS 1.2 billion prompting CMSA to issue an approval of a Green Shoe option. The Sukuk is the first of its kind because it was issued by a secondary school, a non-financial institution hence breaking the trend of financial institutions only issuing Sukuk in Tanzania. It is the first to be issued via a Special Purpose Vehicle (SPV) as the Sukuk Issuer/Trustee as well since all the past Sukuk issued in Tanzania had no SPV . It was also the maiden Sukuk issuance to Yusra Sukuk Company Limited since its licensing by CMSA in 2023, opening the way for more Sukuk issuance in which Yusra Sukuk Company Limited will feature as a Lead Arranger or Transaction manager.

This an event article, used for writing about and listing the events planned for the future on your website. You can edit all of this text from the Pages tab by clicking the edit button.

This an event article, used for writing about and listing the events planned for the future on your website. You can edit all of this text from the Pages tab by clicking the edit button.

This an event article, used for writing about and listing the events planned for the future on your website. You can edit all of this text from the Pages tab by clicking the edit button.