KMRC targets a third bond tranche in 2028 after its Sh3bn green bond was oversubscribed, signaling strong demand for affordable housing.
By
Kepha Muiruri
Business Reporter
Nation Media Group
The Kenya Mortgage Refinance Company (KMRC) is targeting the third tranche of its medium-term corporate bond programme in 2028 after successfully raising Sh3 billion from the second issuance earlier this month.
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KMRC’s Sh3 billion sustainability bond, heavily oversubscribed and listed on the NSE, is set to expand affordable and green…
The mortgage refinancer’s green bond has a 5.1-year average weighted life, implying that note holders will have the principal…
The attractiveness of the corporate bonds has been aided by lower interest rates on bank deposits and treasury bills besides a…
The bond is tax-exempt and will be cross-listed in the regional markets, including the Nairobi Securities Exchange.
The project forms part of infrastructure developments jointly financed by the governments of Kenya and the United Kingdom under…
Government bonds are generating yields of between 8.9 percent and 14.7 percent in the secondary market at the Nairobi bourse.
