Kenya: CIC Gets Nod to Float Sh5 Billion Bond

12 September 2014

Nairobi — The CIC Insurance Group has received necessary approval from the Capital Markets Authority (CMA) to issue a Sh5 billion bond.

The bond, to be issued in two tranches of Sh3 billion and Sh2 billion, will be listed on the Fixed Income Securities Market Segment at the Nairobi Securities Exchange.

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