Nairobi, July 30 -- The Kenya Mortgage Refinance Company has pushed back a planned debut bond issue by up to three months, allowing consultants more time to work on finer details of the cash call.
Chief executive Johnson Oltetia said the State-backed mortgage refinancing firm is looking to raise funds from institutional and retail investors in October-December 2021 period as opposed to an earlier plan to go to capital markets by September 2021.
"KMRC is yet to finalise on the features of the bond, and that includes determination of the quantum," said Mr Oltetia.
"[But] KMRC is on course to issue a bond in Q4 2021."
The mortgage refinance firm presently lends to participating banks and savings and credit co-operative society (saccos) at ...