Agence France-PresseApril 3, 2014 19:07
A firm linked to former Barclays chief executive Bob Diamond denied Thursday claims that it will help Zimbabwe tap much-needed international investment through a 150-million-euro bond issue.
BancABC, a regional bank recently bought by Diamond's Africa-focused investment vehicle Atlas Mara, said it would in fact issue a commercial bond to finance its operations.
"We have been planning a bond issue for some time. The proceeds will be used across the group including in our Zimbabwe subsidiary," the firm said in a statement.
"The timing of the issue is to be decided."