NMB Bank Limited is looking to raise about $5 million from investors such as pension funds to provide loans for Small and Medium Enterprise companies that have the capacity to pay back the money, NMB Bank Executive Director (Treasury) Felix Mangozho confirmed last week. 

The money will be an addition to the $4 million which the bank managed to raise during the floatation of the first tranche of its two-year $50 million mortgage-backed Small to Medium Enterprises bond issue which opened during the last quarter of 2013. 

The bond is being issued in $10 million tranches. 

He said in the first quarter of 2014 the bank has lined up investor funds that will provide the capital for small and medium companies that have the capacity to pay back the loans.

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