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| Britam Chairman Jimnah Mbaru (left), Group Managing Director Benson Wairegi (centre) and director James Mwangi arrive at the firm’s Annual General Meeting in Nairobi. [PHOTO JOHN MUCHUCHA/STANDARD] |
The financial services group received bids totaling Sh7.4 billion against a target of Sh3 billion
British American Investments Company (Britam)'s Sh3 billion bond has been oversubscribed by 147 per cent. The diversified financial services group received bids totalling Sh7.4 billion against a target of Sh3 billion. The insurer said it retained Sh6 billion of the funds due to a green shoe option of Sh3 billion and dismissed plans of going to the market for the second tranche.
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