Acorn to redeem Sh573 million bonds early

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Edward Kirathe, Group CEO Acorn at a past event. FILE PHOTO | BILLY OGADA | NMG

Property developer Acorn is set to redeem Sh573.4 million bonds under its Sh5.7 billion medium term notes programme early by January 5.

The bond was scheduled to be redeemed on November 8, 2024. The early redemption is tied to the completion and transfer of its student hostel next to USIU to its investment Reit (real estate investment trust).

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