The value of the corporate bond market has soared four times in the past year, following a series of issuances driven by renewed investor interest and a rebound in debt-raising activities by firms seeking expansion capital.
Issued and outstanding corporate bonds now top Sh105.3 billion after successive borrowings from March 2025 by firms including Linzi Finco, East African Breweries Plc (EABL), Safaricom Plc, I&M Bank Limited and the Kenya Mortgage Refinance Company (KMRC).
In contrast, outstanding corporate bonds stood at only Sh25.9 billion in March last year before the start of rapid issuances, which have been supported by low interest rates on the traditional government bonds, incentivising investors to explore alternative asset classes.
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Investors show renewed appetite for corporate bonds
