Kenya Mortgage Refinance Company PLC (KMRC) Medium Term Note (MTN) was oversubscribed with bids worth Ksh 8.1 billion being received against Ksh 1.4 billion target. This is equivalent to a 578.6 per cent subscription rate. However, KMRC will only take Ksh.1.4 billion of the funds raised for lacking a green-shoe option. The bond was issued … Continue reading Kenya’s First Mortgage-backed Bond Records 578.6pct Subscription Rate