Paul Arithi 
From Left: Frank Mwiti- CEO NSE, Daniel warutere- Director Marketing operation at CMA, Sarit Raja Shah- Group Executive Director, I&M Group, Tom Mulwa- Director NSE and Job Kihumba – Director SID during the MTN Bell Ringing ceremony at NSE Offices. This successful listing of the MTN represents an important achievement not only for the I&M Bank, but also for the continued growth and development of kenyas capital markets
- I&M Bank Medium Term Note (MTN) Begins Trading on the Nairobi Securities Exchange, Opening Secondary Market Access for Investors;
I&M Bank Limited has listed the first tranche under its Kenya Shillings-denominated Medium-Term Note (“MTN”) Programme on the Nairobi Securities Exchange (“NSE”) marking the commencement of secondary market trading for the Notes and opening a new phase of investor participation in the instrument.
The listing on the NSE’s Main Fixed Income Securities Market Segment enables investors to buy and sell the Notes through the secondary market, subject to prevailing market conditions.
MTN Bell ringing ceremony at NSE Offices.This successful listing of the MTN represents an important achievement not only for the I&M Bank, but also for the continued growth and development of kenyas capital markets
With trading now open, investors may participate in the listed instrument from minimum bids of KES 50,000, broadening access to the Note beyond the primary offer period.
CMA, Sarit Raja Shah- Group Executive Director, I&M Group and Tom Mulwa-
Director NSE during the MTN Bell ringing ceremony at NSE Offices.
This successful listing of the MTN represents an important achievement not only for
the I&M Bank, but also for the continued growth and development of kenyas capital
markets
The listing follows a successful public offer that recorded an impressive subscription rate of 232.26%, attracting total applications of KES 23,225,850,000 against the planned first tranche amount of KES 10 billion.
The strong performance underscores investor confidence in I&M Bank’s financial strength,governance,long-term strategy and market positioning.
Speaking during the NSE bell-ringing ceremony held to mark the listing, I&M Group Executive Director Mr. Sarit Shah said, “The listing of our MTN on the Nairobi Securities Exchange (NSE) marks an important step forward for I&M Bank and for investors.
It moves the Notes into an active trading environment, supporting liquidity, price discovery and broader participation in Kenya’s fixed income market.
Nairobi Securities Exchange Chief Executive Officer, Frank Mwiti, welcomed the listing, noting that it adds to the renewed momentum in Kenya’s corporate debt market.
“The listing of I&M Bank’s MTN is a further demonstration of the growing confidence in Kenya’s capital markets and the expanding role of corporate notes in mobilising long-term capital.
Coming after successful issuances by Safaricom Limited,East African Breweries Limited(Eabl) and Kenya Mortgage Refinancing Company (KMRC),this transaction reinforces the depth of investor demand and the increasing maturity of Kenya’s corporate bond market.”
Mr. Mwiti added that the continued return of strong corporate issuers to the market is helping rebuild confidence, diversify investment options and strengthen the capital markets’ role in financing private sector growth.
