KMRC Launches KSh 3bn Bond to Fund Affordable Housing Loans
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Kenya’s mortgage market is tapping fresh capital again. KMRC has launched a KSh 3 billion bond aimed at boosting affordable home lending across the country.
The Kenya Mortgage Refinance Company (KMRC) has opened a KSh 3 billion bond offer, marking its return to the capital markets after a multi-year pause. The issuance forms part of its wider KSh 10.5 billion medium-term note programme and targets both institutional and retail investors.
The funds raised will be used to refinance eligible green and social mortgages issued by partner lenders, helping expand access to affordable home loans across Kenya. The eight-year amortising structure is designed to support long-term housing liquidity while spreading repayment over time.
The offer has already attracted strong investor interest, reflecting renewed confidence in sustainability-linked instruments within the region’s capital markets. It also signals growing momentum in Kenya’s efforts to bridge its housing finance gap through market-based funding mechanisms.