Over 1.1 trillion kwacha worth of government development bonds have been listed on the Malawi Stock Exchange.
In a statement, the local bourse is disclosing that it, on Monday, listed two government development bonds and 19 treasury notes with a combined face value of 1.12 trillion kwacha.
The amount was raised through various auctions in the primary market and was listed on MSE through an introduction to facilitate secondary trading.
The listing brings to 62 the total number of listed debt securities including one corporate bond by MyBucks and three government development bonds while the rest are treasury notes.
Speaking to Capital FM the MSE’s Chief Executive Officer, John Robson Kamanga describes the development as proof that the market has potential to raise capital for both public and private entities.
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