CRDB TZ Sustainability Bond

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 The Project entails an investment of up to US$60 million in Tanzanian Shillings (“TZS”) equivalent in a senior unsecured Green bond with a tenor of five years (“Green Bond” or “Bond”) by CRDB Bank Plc. (“CRDB” or the “Bank”). CRDB expects to issue a US$300 million multi-currency Medium Term Note (MTN) program in various tranches aimed at financing green, social, and sustainability projects. The project pertains to an investment in the first tranche of up to TZS 40 billion (approximately US$16 million), with a Green Shoe Option of TZS 15 billion (approximately US$6million). This is CRDB’s first Green Bond and the first to be issued in Tanzania. The proceeds will be used to provide access to finance for green transactions and will be in accordance with CRDB’s Green Bond Framework to finance or refinance eligible sub-projects that would contribute to sustainable and inclusive growth in Tanzania. IFC intends to anchor up to 40 percent of the entire program, however, IFC’s own account investment will be limited to no more than US$60 million [or TZS equivalent] in the first tranche.