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Originally published by The Standard Business
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May 27, 2026
3h ago

KMRC's Sh3b green bond clears the way for single-digit mortgages

KMRC's Sh3b green bond clears the way for single-digit mortgages

KMRC’s Sh3 billion sustainability bond, heavily oversubscribed and listed on the NSE, is set to expand affordable and green mortgage financing in Kenya...

✨ Key Highlights

The Kenya Mortgage Refinance Company (KMRC) has successfully listed its Sh3 billion sustainability bond on the Nairobi Securities Exchange (NSE), a significant move aimed at facilitating single-digit mortgages.

  • The bond issue was oversubscribed by 312.8%, attracting Sh9.38 billion in investor bids.
  • Key players include KMRC, led by CEO Johnstone Oltetia, and NCBA Investment Bank as the Lead Arranger.
  • Proceeds are earmarked for refinancing eligible green and social home loans, with at least 30% allocated to green initiatives.

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