Celtel launches KES4.5 billion bond

17 Nov 2005

Mobile operator Celtel Kenya launched a KES4.5 billion bond yesterday, which it plans to use for the upgrade and expansion of its network across the country. The bond, which matures in December 2009, is 75% guaranteed by Dutch company FMO. It will be opened up for offers today and will close on 2 December. The cellco raised a syndicated loan of KES6 billion in December last year.

Kenya, Airtel Kenya