Safaricom green bond draws Sh41.4bn, firm to take up Sh20bn
NAIROBI, Kenya, Dec 9 - Safaricom’s debut green bond has attracted Sh41.4 billion against a target of Sh15 billion, marking a 175 percent oversubscription Kenya breaking news | Kenya news today |..
✨ Key Highlights
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.
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Safaricom Raises Sh20bn from Green Bond Amid Corporate Sustainability Initiatives - December 2025
Safaricom's debut green bond was significantly oversubscribed, attracting Sh41.4 billion against a target of Sh15 billion. The telecommunications firm will take up Sh20 billion, which is the maximum allowed in this first tranche, after exercising a Sh5 billion greenshoe option. Green bonds are an investment tool for financing environmentally friendly projects, such as renewable energy and clean transport. In other sustainability efforts, Ibis Styles Nairobi Westlands has launched The Green Room, a fully solar-powered events space to reduce the hotel's carbon footprint. Additionally, Ampersand Energy has launched Africa's first open battery-swap network for third-party electric motorcycle manufacturers in a bid to accelerate electric transportation.
