FACTBOX-E.African corporate bonds in the pipeline

May 12 (Reuters) - Kenya's Centum Investment said on Tuesday that it planned to raise 2 billion shillings ($25.76 million) in the next three months by issuing a bond.

Below are corporate bond issues planned in east Africa:

CENTUM INVESTMENT COMPANY (ICDC.NR)

Centum hopes to raise 2 billion shillings in a five-year bond in the next three months.

The interest rate could be 1-3 percent above government borrowing rates, Managing Director James Mworia said on Tuesday. The return on the government's most recent five-year bond is 10.849 percent.

Centum announced a 52 percent slump in annual pretax profit on Tuesday following a precipitous drop in share prices in the blue chip stocks it has invested in at the Nairobi Stock Exchange.

SAFARICOM (SCOM.NR)

Kenya's biggest mobile operator wants to borrow between 8 billion ad 12 billion shillings in the next three months.

Although it has over three quarters of subscribers, the operator has seen its market share eroded by increasing competition in recent months.

Safaricom, which is partially held by Britain's Vodafone (VOD.L), has had to contend with falling revenue per user as it has entered a price war with rivals such as France's Orange (FTE.PA) and Kuwait's Zain (ZAIN.KW).

KENGEN (KEGN.NR)

The Kenya Electricity Generating Company plans to raise 15 billion shillings in a bond whose first tranche will be sold this year.

Funds raised will be used to set up thermal generators.

KenGen is the country's biggest electricity producer. Most of its power is derived from hydrodams and a small percentage from geothermal wells. The rest is made by fuel-run turbines.