The Kenya Mortgage Refinance Company (KMRC) is planning to return to the bond market to issue the second tranche of its Sh10.5 billion medium-term note to raise more funds for the disbursement of cheaper housing loans.
In a progress assessment report, the African Development Bank (AfDB), which has invested Sh15.8 billion in the company, said the mortgage financier is evaluating the market conditions to see if they will allow the issuance of their second bond this or next year.
