Kenya's Housing Finance To Undertake Rights Issue

May 2008 | Corporate Financing News Alert

Kenya's leading mortgage lender Housing Finance (HF) has been given approval by the Capital Markets Authority to undertake a KES2.3bn (US$37mn) rights issue. The company, which accounts for 42% of Kenya's mortgage market, plans to use the capital injection to finance a strategic five-year plan which encompasses low-cost housing schemes.

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