Shelter Afrique plans to issue Sh55bn Kenya currency bond

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Business Daily | by Elizabeth Kivuva


Pan African housing development financier Shelter Afrique is set to issue Sh54.8 billion ($500 million) local currency bond in the Kenyan market after a bounce to profitability in the year ended December 2020.

The firm has said the East Africa bond will be listed in Nairobi Securities Exchange (NSE) before the end of this year, with the proceeds to be deployed in Rwanda, Uganda and Tanzania.

It issued a similar-sized $500 million (Sh54.8 billion) bond in Nigeria last week on Thursday…

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