Chase Bank to tap into SBM Sh10bn bond issue

Depositors queue to withdraw cash from a Chase Bank ATM. FILE PHOTO | NMG 

Chase Bank tops the list of intended beneficiaries of cash set to be raised by Mauritius-based SBM Holdings through two bond issues, sale documents show.

SBM is seeking more than Sh10 billion in fresh capital through ongoing sale of two bonds in Port Louse Mauritius, largely to support its regional expansion strategy.

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