Tanzania: 15 year gov’t bond undersubscribed

In Tanzania, at the Dar Es Salaam Stock Exchange, the 15 year treasury bond has been undersubscribed by 7.5 per cent to push down yields against analyst’s predictions. The bond was only able to raise about $55 million out of the $59 million on table. Ombeni Uhuru, Senior Investment Analyst at Tanzania Securities Ltd joins CNBC Africa for more.