The Kenya Mortgage Refinance Company (KMRC) will pay investors a maximum fixed interest rate of 12.5 percent for the first tranche of its Sh10.5 billion medium-term corporate bond which it plans to open on Friday.
The mortgage refinancer, which is owned by the National Treasury and private lenders, is set to borrow Sh1.4 billion in the first phase of the bond whose offer will close on February 18.
