Harare to start bond market
THE ZIMBABWE Stock Exchange (ZSE) plans to start a bond market by the end of June as it seeks to revive trading amid an economic slump.
“The Zimbabwe Stock Exchange has been working on the concept of introducing a regulated platform for debt instruments in the last 12 months,” said chief executive Alban Chirume. A bond market “will diversify the avenues through which entities can raise capital, offer investors a wider range of investment choices for their portfolios and hopefully usher in new revenue inflows for the ZSE”, he said.
“The turmoil in the political scene does have a negative impact on the performance of the ZSE,” Chirume said. ”Investors tend to trade cautiously or stay away in times of turmoil.” – Bloomberg