Business Quest Team 
{L-R};Daniel Warutere - Director, Market Regulations, Capital Markets Authority (CMA), Johnstone Oltetia - CEO & ManagingDirector, KMRC, Hon FCPA John Mbadi Ng'ongo, EGH, Cabinet Secretary- National Treasury & Economic Planning, Dr. Haron Sirima, OGW, EBS , Chairman- KMRC Board and John Gachora, Group MD, NCBA
NCBA Arranges KES 3 billion KMRC Sustainability Bond Listed at the NSE
The KRMC Sustainability Bond, according to KMRC’s CEO & Managing Director, Mr.Johnstone Oltetia, is a strategic landmark issue, being the first of its kind, and the investor response demonstrates a vote of confidence in the company’s strategic direction.
“Today’s listing affirms the role of capital markets in making homeownership more accessible, affordable, and sustainable.
The investor response demonstrates confidence in KMRC’s mandate in of promoting affordable home ownership while deepening Kenya’s debt capital markets,” said Mr. Oltetia.
Proceeds from the Sustainability Bond will be blended with KMRC’s existing concessional funds and deployed towards refinancing:
- Eligible green affordable home loans, supporting climate-resilient and environmentally sustainable housing;
- Eligible social home loans, promoting inclusive access to homeownership for borrowers including women and low-income households.
Hon. John Mbadi, Cabinet Secretary for the National Treasury and Economic Planning,underscored the national significance of the milestone.
“The successful issuance and listing of this KES 3 billion Sustainability Note is a national milestone. It signals a decisive shift in how we mobilize capital to finance development priorities, particularly housing.
It also affirms that Kenya’s capital markets are deepening, diversifying, and maturing in line with our long-term economic aspirations,” said Hon. Mbadi.
NCBA Group Managing Director, speaking at the listing said,“The successful listing of KMRC’s Sustainability Bond reflects the strength of long-standing partnerships and the importance of execution expertise in delivering complex capital market transactions.
As Lead Arranger,NCBA is proud to have supported KMRC in structuring and bringing this transaction to market, mobilizing long-term funding for Kenya’s affordable housing sector
This builds on our continued collaboration with KMRC across multiple structured finance transactions.
Since its establishment, KMRC has played a catalytic role in the Country’s housing finance ecosystem by addressing the structural constraints of liquidity and affordability with have historically limited mortgage market depth. To date, KMRC has:
Refinanced over KES 30 billion in home loans-
- Supported more than 5,800 homeowners
- Expanded its reach across 39 counties
- Advanced inclusive homeownership, with nearly half of refinanced loans benefiting women.
By providing long-term liquidity to primary mortgage lenders,KMRC supports fixed-rate, single-digit home loans with longer repayment periods, helping reduce monthly repayment burdens for qualifying borrowers.
