KMRC CEO on second tranche of medium-term note and green housing projects

Kenya Mortgage Refinance Company CEO Johnstone Oltetia .

Photo credit: Joseph Barasa | Nation Media Group

KMRC is back in the market with the second tranche of its medimum-term note programme. Help us understand the latest issuance fits within the broader strategy of mortgage refinancing in Kenya?

This second tranche advances KMRC’s mandate to promote sustainable home ownership by expanding access to affordable housing finance. The proceeds from the issuance will be blended with KMRC’s existing pool of concessional funding and deployed to provide long-term, single-digit, fixed-rate liquidity to primary lenders (PMLs).

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Note: The results are not exact but very close to the actual.