Fixed-income investors have snapped up Sh500 million of Shelter Afrique’s bond, which was the last tranche of a Sh3 billion bond issued in 2011. The investors will earn yields of 12.5 per cent annually for the bond which will mature on December 14, 2015. The first tranche of Sh2.5 billion was issued in 2011. Shelter Afrique’s managing director Alassane BÂ said the full subscription demonstrated local investor’s faith in the housing Pan-African housing financier. “We received a very positive response from the market and the bond was snapped up in record time...
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