Business Daily | by Patrick Alushula
Centum Real Estate plans to issue a Sh4 billion bond to finance ongoing housing projects, marking its first major borrowing since turning into a cash-generating unit in 2018.
The firm, a subsidiary of Centum Investment Company, said it is prepared to take as high as Sh6 billion should investors’ appetite exceed the targeted sum.
Centum Real Estate managing director Samuel Kariuki said the three-year bond with zero coupon will first be issued as a private placement, but later on introduced at the NSE for trading…
