KCB to raise Ksh300B through sustainability bond programme
KCB Group is preparing to raise up to Ksh300 billion through a five-year Medium-Term Note programme after unveiling a Sustainability Bond Framework that will direct the funds to green, blue and social projects. The programme will be issued in tranches, with the first targeting up to Ksh100 billion. However, KCB said the bond offer remains […]
KCB Group plans to raise up to Ksh300 billion over five years through a Medium-Term Note programme and a new Sustainability Bond Framework. This framework will direct funds to green, blue, and social projects, with eligible areas including renewable energy, energy efficiency, clean transportation, sustainable water management, agriculture, the blue economy, affordable housing, MSMEs, women- and youth-led enterprises, and initiatives that create employment and livelihoods.
The bank will maintain a Sustainable Bond Register, publish annual allocation and impact reports, and undergo annual independent verification of allocations until all proceeds are allocated.
Brief written by urgent.news from People Daily Kenya's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
