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Chase Bank Kenya’s first tranche of Sh10 billion seven-year bond started trading on the secondary market of the Nairobi Securities Exchange (NSE) Monday, after successful listing.
The move will enhance the bond’s liquidity as well as provide an investment avenue for many investors who were not able to participate during the offer. “The performance and the listing not only highlight the confidence in the Chase brand, but also investor confidence in corporate bonds. This is in line with the growth of alternative investment opportunities within the Capital Markets as outlined under the Vision 2030,” said Chase Bank Chairman Zafrullah Khan.
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