RBM list K5bn Treasury Note

The Reserve Bank of Malawi (RBM) has today officially listed a two-year K5 billion Treasury Note—a marketable government debt security with a fixed interest rate and maturity between one and 10 years, on the Malawi Stock Exchange (MSE) with hopes for a positive response from the investing public.

RBM market developments manager Franklyn Khoza said the listing will not only help in boosting trading on the stock exchange, but also allow diversification of financial assets for investors.

“The listing is part of the market development initiative to have the bond listed and now that the bond is on the market, the investing public will be aware of its existence and will be investing in it actively.

MSE chief executive officer John Kamanga said the listing provides that diversity of products where investors have the opportunity to either list in equity as well as treasury note while at the same time providing a wide spectrum of instruments they can invest ion.