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NAIROBI: Chase Bank has launched a Sh10 billion multi-currency corporate bond. The medium term bond will enable the bank to raise additional capital to strengthen its capital base and finance expansion.
The Note Programme will be issued in several tranches with a seven-year tenure. The bank intends to raise Sh3 billion in the first tranch with a green shoe option of Sh2 billion. This means the bank as as issuer is allowed to take up an additional Sh 2billion if the initial Sh3 billion is oversubscribed.
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