Tanzania Mortgage Refinance Company Limited (TMRC) has launched its second Medium-Term Note Programme (MTN II), seeking to raise Sh100 billion to address the nation's housing deficit of approximately three million units. The initiative's first tranche, the "TMRC Nyumba Bond," aims to secure Sh20 billion by offering investors a five-year bond with an 11 percent annual interest rate, payable semi-annually. The subscription period runs from May 6 to June 3, 2026. Proceeds will be used to refinance existing mortgage loans, thereby increasing liquidity for financial institutions and enabling them to offer more affordable, long-term housing finance solutions to Tanzanians, a move supported by the Bank of Tanzania and the Capital Markets and Securities Authority.