Safaricom PLC has marked a major milestone with the successful listing of the first tranche of its Domestic Medium-Term Note DMTN on the Nairobi Securities Exchange NSE. The issuance received applications totaling KES 41.6 billion, representing an oversubscription of 175.7, making it the largest bond ever issued by Safaricom and Kenya's largest Green Bond.
The strong response reflects high investor confidence in Safaricom's strategy and long-term vision. The listing ceremony featured remarks from key figures including Frank Mwiti, CEO of NSE Kiprono Kittony, NSE Chairman Daniel Warutere, CMA Representative and Joshua Oigara, CEO of Stanbic Bank Kenya, who highlighted the importance of collaboration and investor trust in Safaricom's initiatives.
Safaricom's Group CFO, Dilip Pal, noted that proceeds from the bond will fund projects aimed at enhancing operational efficiency, expanding renewable energy initiatives, and advancing sustainability across the company's network.
