Kenya's Chase Bank raises 4.8 bln shillings as bond draws strong demand

June 10, 2015 7:43 AM

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NAIROBI, June 10 Kenyan mid-sized lender Chase Bank said on Wednesday it had raised 4.8 billion shillings ($49.43 million) in the first tranche of an oversubscribed bond offer.

The lender had sought to raise 3 billion shillings but after receiving a subscription rate of 161 percent, it exercised an option to take up an additional 1.8 billion shillings.

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