I&M Bank MTN Begins NSE Trading After Sh23.2bn Oversubscription
NAIROBI, Kenya, May 28 – I&M Bank has listed the first tranche of its Kenya Shillings-denominated Medium-Term Note (MTN) on the Nairobi Securities Kenya breaking news | Kenya news today |..
✨ Key Highlights
I&M Bank has successfully listed its first tranche of Kenya Shillings-denominated Medium-Term Note (MTN) on the Nairobi Securities Exchange (NSE), following an oversubscribed public offer.
- The MTN attracted applications worth Sh23.2 billion against a Sh10 billion target, achieving a subscription rate of 232.26 percent.
- Key players include I&M Bank and the Nairobi Securities Exchange (NSE).
- The listing allows for secondary market trading, enabling investors to buy and sell the notes with minimum bids starting at Sh50,000, enhancing liquidity and supporting I&M Bank's funding strategy.
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I&M Bank MTN Begins NSE Trading After Sh23.2bn Oversubscription - May 2026
I&M Bank has successfully listed its first tranche of Kenya Shillings-denominated Medium-Term Note on the Nairobi Securities Exchange following an oversubscribed public offer. The Capital Markets Authority has approved the registration of the Pergamon Investment Bank Unit Trust Scheme, adding new regulated investment products to Kenya's expanding capital markets. Separately, Kenya's book and publishing industry is aiming for a larger slice of the nation's expanding education economy, driven by increased government spending and growing demand for local content.
