The Kenya Mortgage Refinance Company (KMRC) has launched a Sh9.4 billion sustainability bond on the Nairobi Stock Exchange (NSE), marking a significant advancement in housing finance in Kenya.

• The bond saw investor demand exceed targets by 312.8 percent, reaching Sh9.4 billion against a Sh3 billion goal.
• Key figure: Chief Executive Johnstone Oltetia highlighted investor confidence in KMRC's governance and role in affordable housing.
• This is the first sustainability bond specifically dedicated to housing finance in Kenya, with proceeds ring-fenced for green and social projects.