As the legal counsel to the Kenya Mortgage Refinance Company on their recently closed Sustainability Note, which is the first of its kind in Kenya’s capital markets – we are cognizant that this isn’t just a capital markets success, it is a tangible step toward sustainable homeownership for more Kenyans, from climate-resilient housing to refinanced green and social home loans.
Our team, CG Mbugua (Partner) and Mary Ndung’u (Senior Associate) advised KMRC on the KES 3 billion Sustainability Fixed Rate Note issuance under their KES 10.5 billion Medium-Term Note Programme, approved by the Capital Markets Authority – Kenya, guiding them from structuring through to listing readiness on the Nairobi Securities Exchange PLC.
Congratulations to Kenya Mortgage Refinance Company and all investors who turned confidence into shared commitment. We are glad to have played a part in deepening Kenya’s mortgage market through sustainable finance.
