Insurance group Britam Holdings #ticker:BRIT has redeemed its corporate bond nine months ahead of its expected maturity date of July 15, 2019, paying investors, including Equity Bank #ticker:EQTY and Commercial Bank of Africa, a total of Sh6.25 billion.
The amount paid comprised the principal of Sh6 billion and interest of Sh255 million that had accrued since the last interest payment date of July 16, 2018.
