Safaricom gets green light for KSh 40bn bond
Safaricom PLC has received regulatory approval from Kenya’s Capital Markets Authority to create a Medium Term Note program. This authorization permits the telecommunications provider to issue notes valued at up to 40 billion Kenyan shillings. The program will include various note types such as green, social, and sustainability notes.
The company plans to initiate the program by first issuing Tranche 1 notes, pending final commercial terms and supplementary regulatory approval. This financing mechanism is intended to support the company’s sustainable investment initiatives while providing flexible capital. Safaricom stated that further announcements regarding the first public offer will follow in due course.
