Housing Finance says rights issue an option in capital bid

Housing Finance will be looking to raise more capital from next year and has identified a rights issue as one of the options. This is after the bank shelved a plan to issue a Sh20 billion bond citing ‘crowding out’ by State bonds.

“Definitely in 2015 and 2016 we will be looking to raise more capital in one way or another,” HF managing director Frank Ireri said at a media briefing.