×
App Icon
The Standard e-Paper
Home To Bold Columnists
★★★★ - on Play Store
Download App

CIC Insurance targets Sh5 billion corporate bond to fund expansion

Muchemi Ndungu (left) Association of Insurance Brokers of Kenya Chairman in conversation with CIC Group CEO

CIC Insurance plans to raise Sh5 billion through a corporate bond issue to fund its ambitious regional expansion plan.

The proceeds of the bond issue will also be used to bolster the capital requirements of the insurer's subsidiaries and support investments in the medical and real estate projects.

Get Full Access for Ksh299/Week.
Uncover the stories others won’t tell. Subscribe now for exclusive access
  • Unlimited access to all premium content
  • Uninterrupted ad-free browsing experience
  • Mobile-optimized reading experience
  • Weekly Newsletters
  • MPesa, Airtel Money and Cards accepted
Already a subscriber? Log in