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Family Bank shatters corporate bond jinx
Family bank exhibition stand during the second edition of Nation Media Group’s SMEs expo at the Kenyatta International Convention Centre (KICC) on March 19, 2021.
Photo credit: Dennis Onsongo | Nation Media Group
Family Bank has opted to tap overwhelming interest in its corporate bond accepting an extra Sh1 billion on top of the Sh3 billion targeted.
The lender received bids worth Sh4.4 billion, an oversubscription of 147.3 per cent and the first high interest in a bond since 2015 when Imperial Bank floated their ill-fated issue.
