Kenya's Chase Bank to issue 10 bln shilling multi-currency bond

May 20, 2015 8:24 AM

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NAIROBI May 20 Kenyan mid-sized lender Chase Bank said on Wednesday it would issue a medium-term, multi-currency bond worth up to 10 billion shillings ($103 million) to support its on-going expansion plans and strengthen the capital base.

Chase said in a statement it had already secured the necessary regulatory approval to issue the notes and to list them on the Nairobi Securities Exchange. Medium-Term Notes typically have maturities of between two to seven years.

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