Safaricom's debut green bond, aiming to raise funds for sustainability initiatives, was significantly oversubscribed, attracting Sh41.4 billion against a target of Sh15 billion. The telecommunications firm will take up Sh20 billion, the maximum allowed in this first tranche, after exercising a Sh5 billion greenshoe option.

• The bond achieved a 175 percent oversubscription, with Sh21.4 billion to be refunded to investors.
• Safaricom CEO Peter Ndegwa stated the strong response signals confidence in the company's balance sheet, vision, and strategy.
• The green bond, priced at a tax-exempt 10.4 percent and maturing in five years, will be listed on the Nairobi Securities Exchange on December 16.