Original disclosure @ IFC website
Updated in EWS Jan 7, 2023
Disclosed by Bank Mar 10, 2022
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According to the Bank’s website, Kenya Mortgage Refinance Company ('KMRC') is a greenfield entity established in April 2018 with the purpose of providing long-term funding to Primary Mortgage Lenders ('PMLs') to develop the affordable housing segment in Kenya and increase access to affordable housing finance. KMRC received its operating license in September 2020.IFC will serve as an anchor investor in KMRC's first Medium-Term Note ('MTN') bond program of up to KES 10.5bn (~US$93mn) by purchasing up to 40% of the bonds. The bond proceeds will be used to increase the availability of affordable housing finance in Kenya.
Kenya Mortgage Refinance Company
Chief Executive Officer
+254 111 022 400
27th Floor, UAP Old Mutual Tower, Upperhill Road, Upperhill, Nairobi
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