Kenyan lender CFC Stanbic raises 5 bln shillings via bond
Jan 22, 2015·Kenya's CFC Stanbic bank raised 5.08 billion shillings ($55.41 million) through a multi-currency medium term bond to help it balance its funding against loans to customers, it said on Thursday. Kenyan lenders usually face the problem of writing mid- to long-term loans while relying on very short-term customer deposits, forcing them to explore other funding avenues like corporate bonds.