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NSE suspends Chase Bank’s Sh10bn bond trading

From Left: Nairobi Securities Exchange vice-chairman Bob Karina, then Chase Bank chairman Zafrullah Khan and then Chase Group managing director Duncan Kabui during the bell ringing for the bank’s bond in June 2015. PHOTO | FILE

The Sh10 billion corporate bond issued by the collapsed Chase Bank has been suspended from trading on the Nairobi Securities Exchange (NSE) effective last Monday.

The NSE suspended the trading of the bond following a directive from the regulator, Capital Markets Authority (CMA).

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