Centum lists its Sh6bn bond on NSE

Centum Group chief executive James Mworia. FILE PHOTO | DIANA NGILA |  NATION MEDIA GROUP

By JOSHUA MASINDE
More by this Author

Centum Investments has listed its Sh6 billion bond on the Nairobi Securities Exchange (NSE).

The five year bond, which closed on June 5, 2015, received applications worth Sh8.3 billion compared to the Sh6 billion the firm sought from the market.

“We are very fortunate that we are in a market where we can reach out to local investors and raise Sh8.3 billion. This is a testament to the stability of the capital markets environment,” Centum’s chief executive James Mworia said.

The investment firm, which bought a majority stake in K-Rep Bank last year, plans to rebrand the lender and inject more capital to support its lending book.