Safaricom Green Bond
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NEWS
Kenyan investors bet big on Safaricom’s sustainability strategy
Kenyan investors have cast a resounding vote of confidence in Safaricom’s green future, pouring billions into the telco’s sustainability strategy during the official listing of its first-ever Green Bond at the Nairobi Securities Exchange (NSE) today. The listing of the Domestic Medium-Term Note (MTN) programme was defined by a massive oversubscription of 175 percent. While the telecommunications giant initially sought…
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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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