If you sit on the audit committee of an issuer of securities licensed by the Capital Markets Authority (CMA), you either need to track uses of funds that your company has raised from the capital markets or keep Johnny walking into deep trouble.
Back in 2015 Chase Bank sought approval from the CMA to issue a Sh10 billion medium-term note (MTN) to the public. The first tranche of Sh4.8 billion was issued on June 22, 2015.
