Analyst Research

Report Title Price
Provider: Reuters Investment Profile
$20.00

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Centum Investment Company Ltd Issues KES 3.1989 Billion of Debt By Way of Private Placement


Monday, 24 Sep 2012 08:00pm EDT 

Centum Investment Company Ltd has announced that it has raised KES 3.1989 billion in five-year debt through an issuance of senior unsecured fixed rate notes and senior unsecured equity-linked notes by way of private placement. Accordingly, the Company announced that the fixed rate notes are at a fixed interest rate of 12.75% per year payable semi-annually, and will enjoy an equity upside linked to the growth of the Company's net asset value subject to a maximum of 15% of the par value of the notes. The fixed rated notes constituted 57% of the amount raised while the equity-linked notes were 43% of the notes raised. Also, the Company is in the process of seeking regulatory approvals to allow for the listing and trading of the notes on the Nairobi Securities Exchange. 

Company Quote

44.0
0.25 +0.57%
7:46am EDT