Kenya's first green bond has raised 4.3 billion shillings ($41.45 million) ...
NAIROBI - Kenya’s first green bond has raised 4.3 billion shillings to build environmentally-friendly student accommodation, the issue’s lead arranger said on Thursday.
The bond was issued by Nairobi-based property developer Acorn Holdings after new rules were unveiled in February to guide the issuance of green bonds. The issue was looking to raise a minimum of 2 billion shillings and a maximum of 5 billion shillings, Stanbic said.
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