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The capital markets regulator has allowed Family Bank to raise Sh10 billion through a multi-currency medium-term note.
The bank said Wednesday that it had received the formal regulatory approval from the Capital Markets Authority (CMA) to raise up to Sh10 billion through a Senior Unsecured or Subordinated Multi-currency Medium Term Note (MTN) programme. An MTN is a corporate bond offered continuously by a company to investors through a dealer, and it can take up to 30 years to mature.
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