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Kenya’s Housing Finance raises Sh3.5b in rights issue, targets expansion

NAIROBI: Housing Finance has raised Sh3.5 billion in a successful cash call which is part of the mortgage financier’s bid to raise funds for an ambitious expansion drive.

Housing Finance had priced the cash call at Sh30 per share, offering shareholders a total of 116.6 million new shares and one share for every two ordinary shares held.

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