Kenya Mortgage Refinance Company (KMRC)'s inaugural green bond defied absence of a tax-free sweetener to attract bids worth Sh9.4 billion against the targeted Sh3 billion, representing a performance of 312.8 percent.
The mortgage refinancing company will use the billions to provide cheap loans for green buildings, which are designed to use natural sustainable materials, be energy efficient and reduce water use in efforts to minimise environmental impact.
