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.