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Kenya : Centum Investment’s US$61 million bond oversubscribed
Nairobi, Kenya (Capital Markets in Africa) — Centum Investments five-year corporate bond worth up to KES 6 billion has been oversubscribed by 38 percent attracting bids worth KES 8.3 billion. The bond is made up of a fixed-rate component and an equity-linked portion that will give a variable return determined by the firm’s net asset value. The total amount accepted for the fixed rate notes is KSE 3.9 billion while for the equity linked notes is KES 2.1 billion, with…
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