Kenya Launches Green Bond on the LSE

Kenya has floated a $40 million green bond on the London Stock Exchange (LSE).

The bond, by Nairobi-based property developer Acorn Holdings, started trading at the LSE on January 20, 2020 following its launch by Kenya’s President Uhuru Kenyatta.

It becomes the first Kenya shilling denominated corporate green bond to be listed in the United Kingdom.

The bond, which was first listed at the Nairobi Securities Exchange (NSE) last week, will help Acorn Holdings raise funds to build environmentally…

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