Kenya’s mortgage refinancier delays debut cash call

Kenya Mortgage Refinance Company (KMRC) chief executive officer Johnston Oltetia. PHOTO | DIANA NGILA | NMG

The Kenya Mortgage Refinance Company has pushed back a planned debut bond issue by up to three months, allowing consultants more time to work on finer details of the cash call.

Chief executive Johnson Oltetia said the State-backed mortgage refinancing firm is looking to raise funds from institutional and retail investors in October-December 2021 period as opposed to an earlier plan to go to capital markets by September 2021.

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