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KMRC prices green bond at 12.2pc, eyes tax-free sweetener
KMRC will be going to market with the second tranche of its Sh10.5 billion bond programme, coming four years after its debut issuance in February 2022.
The Kenya Mortgage Refinancing Company (KMRC) has offered a fixed interest rate of 12.2 percent per annum for an eight-year term for its green bond that targets to raise Sh3 billion, even as it hopes for a tax exemption.
KMRC is seeking to ride on the precedent of Safaricom Plc, which raised Sh40 billion in November 2025 through a sustainability-linked bond at a coupon of 10.4 percent, drawing bids worth Sh41.86 billion, translating to an oversubscription of 177 percent against the Sh15 billion target.
