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Housing Finance to seek funding for construction subsidiary
Housing Finance managing director Frank Ireri. The mortgage firm is eyeing more opportunities in the fast growing real estate sector. Photo/FILE
Mortgage company Housing Finance is planning a bond issue by the end of the year to fund its property development subsidiary, Kenya Building Society (KBS).
The home loans provider revived KBS last year after a 13-year dormancy to deepen its involvement in construction as a strategy for earning more revenue across the real estate development chain.
