Bondholders at Chase Bank to wait longer for NSE trading to resume

Chase Bank bondholders face a longer wait for the suspension of trading in the security at the stock exchange to be lifted even as the lender reopens next week, the Capital Markets Authority (CMA) has said.

The Nairobi Securities Exchange (NSE) suspended trading of the seven-year bond just 10 months after it listed following a directive from the CMA effective April 8, which was a day after the lender was placed under receivership.