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The Standard Group Plc is a
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Standard Group is recognized as a leading multi-media house in Kenya with a key
influence in matters of national and international interest.
1. How will the Shelter Afrique bond benefit Kenya’s real estate market?
We raised the bond when the interest rates increased. Our base rates currently stand at 13 per cent. This is because we got the resources at reasonable costs thanks to the structure of the bond. We pass the benefits of low interest rates to the developers who in turn pass them to the market and the end users. That is the only way the real estate market will benefit from our bonds.
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