Green bonds
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NEWS
Safaricom’s Green Bond oversubscribed by 176% as investors pour in KES 41.6 billion
Safaricom has recorded a significant uptake for its first Green Bond issuance, receiving applications totalling KES 41.6 billion, surpassing its initial target of KES 15 billion. The strong market appetite represents a 175.7% oversubscription rate, signaling robust investor confidence in the telecommunication giant’s sustainability strategy. Following the overwhelming demand, Safaricom has opted to exercise its KES 5 billion “greenshoe” option,…
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NEWS
Green Bonds in Kenya: Who’s Issuing Them and Why They Matter
Green bonds, debt instruments whose proceeds are earmarked for projects with clear environmental benefits, have moved from novelty to a practical tool for financing climate solutions in Kenya. The market here is still young and shallow compared with mature markets, but the last six years have shown that both private companies and the state can use green bonds to tap…
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