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Consolidated Bank seeks more time to settle bond

NEWS

The proposal for the extension of the maturity dates was reached after consultation with the National Treasury which owns 85.8 per cent of the bank.

Consolidated Bank seeks more time to settle bond

By Domnic Omondi | 2 years ago

Consolidated Bank extends its bond maturity by 3 months

Consolidated Bank extends its bond maturity by 3 months

The seven-year bond, which was issued to shore up the bank’s capital, allowing it to lend more to its customers, was due to mature on July 22.

Reuters | 2 years ago

Companies struggle to repay maturing bonds in tough year

Reports indicate that UAP Holdings is seeking a loan to pay the debt

Otiato Guguyu | 2 years ago

State lenders maintain loss streak as small banks struggle

Smaller lenders continue to feel the pinch of the rate cap regime, with a majority of them posting losses and others a marked decline in profit.

Otiato Guguyu | 2 years ago

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