Safaricom Starts 4.49 Billion-Shilling Bond Sale
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Safaricom Ltd., the mobile-phone operator that is Kenya’s biggest company by market value, started the sale of 4.49 billion shillings ($56 million) of five-year bonds today.
The fixed-rate securities will pay a coupon of 7.75 percent a year, the Nairobi-based company said in an e-mailed statement today. The bonds will start trading on the Nairobi Stock Exchange on Jan. 17.