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KMRC eyes 2028 for third bond sale
Bell-ringing ceremony during the listing of Kenya Mortgage Refinance Company’s (KMRC) Sh3 billion second tranche sustainability bond at the Nairobi Securities Exchange on May 25, 2026. From left are Capital Markets Authority (CMA) director of market operations Daniel Warutere, KMRC chief executive Johnstone Oltetia, Treasury Cabinet Secretary John Mbadi, KMRC chairman Dr Haron Sirima and NCBA Group managing director John Gachora.
The Kenya Mortgage Refinance Company (KMRC) is targeting the third tranche of its medium-term corporate bond programme in 2028 after successfully raising Sh3 billion from the second issuance earlier this month.
The mortgage refinancing firm, which listed the second tranche bond on the Nairobi Securities Exchange (NSE) on Monday, is betting that interest rates will remain subdued, creating room for another issuance that could close out its medium-term notes (MTN) programme.
