Pan-African housing financier Shelter Afrique has completed the repayment of the balance of Sh20.5 billion ($186 million) owed to eight lenders three years ahead of schedule, paving the way for the firm to roll out its planned issuance of Sh137.8 billion ($1.25 billion) worth of new bonds from African capital markets.
The loans, together with accrued interest, were owed to six development finance institutions (DFIs) and two commercial banks and had been restructured in 2018 to a new five-year tenor to run from June 2019 to June 2024.
