Safaricom gives pricing for medium-term 5-year note
Kenya’s largest
telecoms operator, Safaricom, said on Wednesday the second tranche of a
five-year medium-term note, worth 4.487 billion shillings, will have
both fixed and floating rates.
Safaricom said in a
statement the fixed rate would be set at 7.75 percent and the floating
rate would have a margin of 185 basis points above the 182-day Treasury
bill rate.
The weighted
average yield on the 182-day Treasury bill stood at 2.464 percent at
the latest sale last week, from 2.256 percent previously.
The bond will be on sale for a fortnight, starting December 1.
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