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Housing Finance raises Sh3.5bn in rights issue
Housing Finance headquarters in Nairobi. HF plans to grow its presence in the country. PHOTO | FILE
Mortgage lender Housing Finance has raised Sh3.5 billion through a rights issue that saw its shareholders offer up to Sh9 billion to the company, representing 2.6 times what it had asked for.
HF had priced the cash call at Sh30 per share, offering 116.6 million new shares at one for every two held.
