Family Bank redeems Sh2bn bond

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Family Bank Towers on Muindi Mbingu Street in Nairobi. PHOTO | DENNIS ONSONGO | NMG

Family Bank has fully settled the interest and principal of the Sh2.019 billion medium-term note that it borrowed five years ago to fund growth.

The lender said Tuesday the bondholders have now been paid the full amount with the accrued interest of the final six months, having come in on Monday.

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