Episode Details
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Safaricom's KES 15B MTN
Description
In this episode recorded on December 1, 2025, and hosted by Ramah Nyang, we unpack Safaricom’s KES 15B Medium Term Note. We cover green bonds, pricing, liquidity in the market, and use of proceeds rom the MTN
We are joined by:
* Silha Rasugu — Emerging & Frontier Capital LLP
* Gregory Waweru — SBG Securities
* Birju Sanghrajka — Standard Chartered
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Show Notes
00:00:00 Introduction
00:02:06 Understanding the Green Bond
0:06:51 Pricing and Market Conditions
00:09:14 Liquidity in the Bond Market
00:13:44 Creating an Efficient Capital Structure
00:19:05 Advantage of the MTN over Vendor Financing
00:24:46 Impact of the Debt on Dividend Policy
00:28:14 Future of Corporate Bonds in Kenya
00:34:27 Conclusion and Final Thoughts
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