Safaricom bond debuts on NSE

Retail investors emerged as the dominant buyers in Safaricom’s green bond issue, accounting for 96 percent of the bond subscriptions and surpassing participation from institutional investors. According to sector players, this underscores a strong appetite from individual investors for sustainable fixed-income assets and reinforces confidence in the telco, as well as the Kenyan capital market. Players in the capital market now project an increased participation from retail investors, even as NSE seeks to have over 9 million of them to remain active in the market.