Housing Finance, Centum face huge pay-outs as bonds mature

Housing Finance and Centum face huge pay-outs in the coming months as their listed corporate bonds running into billions come up for redemption in the second half of the year.

Both the mortgage lender and investment group were non-committal on options they will exercise come maturity day for the debt totalling a combined Sh11.19 billion — either cash disbursement from reserves or borrowing afresh.