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Stima Sacco seeks to issue Sh5 billion home loans bond
Members of the sacco at a past meeting: Stima has been developing property for its menbers. PHOTO | FILE
Stima Sacco is set to become the first cooperative society to tap into the debt market through a Sh5 billion corporate bond issue to finance its mortgage business.
The sacco, ranked third in the country, in asset base did not give timelines for the issue but indicated it was seeking regulatory approvals.
