KENGEN rakes in Ksh26bn in bond offer

Wednesday October 28 2009

Kenya’s main electric power generator, KenGen raised 26.6 billion shillings through its inaugural public infrastructure bond offer. This is 77 per cent above the 15 billion shillings it had targeted to collect through the bond offer. And contrary to outcomes in past investment offers, all the 2,715 retail investors who participated in the offer will receive what they applied for in full.