Time flies with great content! Renew in to keep enjoying all our premium content.
Prime
2, 453 individuals splashed Sh39bn in Safaricom bond
Dilip Pal, Group Chief Finance Officer, Safaricom PLC (second right), is flanked by David Warutere, Director, Market Operations, Capital Markets Authority–Kenya (far left), Kiprono Kittony, Chairman, Nairobi Securities Exchange, and Frank Mwiti, Chief Executive Officer, Nairobi Securities Exchange, as they mark a milestone moment during the Safaricom Green Bond NSE bell-ringing ceremony at the Nairobi Securities Exchange offices in Westlands.
About 2,453 wealthy individuals offered Safaricom Sh39.9 billion for the concluded green bond in a span of 11 days, reflecting the millions in the hands of retail investors amid a recovering economy.
Safaricom disclosures show that individual investors placed 96 percent of the Sh41.86 billion for the bond, putting an average offer at Sh16.2 million per person.
