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L-R: Johnstone Oltetia, CEO and Managing Director, KMRC; John Mbadi, CS National Treasury; Haron Sirima, Chairman, KMRC Board; and John Gachora, Group Managing Director, NCBA, during KMRC’s sustainability bond bell-ringing at the NSE. [Wilberforce Okwiri, Standard]
The Kenya Mortgage Refinance Company (KMRC) officially listed its highly anticipated Sh3 billion sustainability bond on the Nairobi Securities Exchange (NSE) fixed income market, marking a major milestone for the capital markets.
The transaction is a return to the market for the state-backed mortgage refinancer after a four-year hiatus.
The bond issue attracted Sh9.38 billion in investor bids, representing a 312.8 per cent oversubscription.
