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Centum Real Estate to issue Sh4 billion project bond

Centum Investment CEO, Dr James Mworia (centre) admires the artistic model of Sabis International School, Runda during the launch of the school at Two Rivers Mall. [Photo: FILE]

Centum Investment plans to raise Sh4 billion from local investors to finance the ongoing housing projects in Kenya
To be floated through its development subsidiary Centum Real Estate, the bond is intended to fund the company’s projects that are already under construction and at various stages of completion.

"Proceeds from the bond will be allocated exclusively to the subsidiary’s ongoing affordable, middle-income and high-end housing projects in Kenya," revealed the firm in a statement.

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