I&M Bank targets KSh 20 billion in medium-term note to boost lending capacity

I&M Bank Limited has launched a public medium-term note programme worth 20 billion shillings to support its long-term growth plans and strengthen its capital position. The proceeds from the medium-term note, which will be listed at the Nairobi Securities Exchange, will be used for onward lending, providing long-term funding and expansion, while at the same time boosting the bank’s financial adequacy ratio.