Hostels developer Acorn pays Sh2.6bn bond balance early

bd edward

Edward Kirathe, Group CEO Acorn at a past event. FILE PHOTO | BILLY OGADA | NMG

Student hostels developer Acorn Holdings is set to redeem the remaining balance of its Sh5.7 billion corporate bond a month early, the company announced on Friday.

The five-year medium-term note, issued in November 2019, was due to mature on November 8, 2024, but the outstanding balance of Sh2.69 billion will now be repaid on October 4, 2024.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.