THE Bond Market Association of Zimbabwe (BMAZ) and the Botswana Bond Market Association (BBMA) this week signed a Memorandum of Understanding (MOU) expected to lay groundwork for the acceleration of capital raising instruments for infrastructure projects.
The bond market is often referred to as the debt market, fixed-income market, or credit market. It is the collective name given to all trades and issues of debt securities.
Governments issue bonds to raise capital to pay debts or fund infrastructural improvements. Publicly traded companies issue bonds to finance business expansion projects or maintain ongoing operations. BMAZ was launched on April 9, 2024.