Stanbic Bank Kenya Joins Safaricom on KES 40 Billion Green Bond Programme
The partnership is expected to support Safaricom’s sustainability agenda while deepening the region’s green finance ecosystem.
Stanbic Bank Kenya has announced its partnership with Safaricom PLC as Joint Lead Advisor, Sponsoring Broker, Placing Agent and Receiving Bank for the company’s KES 40 billion Domestic Medium Term Note Programme—now the largest such programme ever approved by Kenya’s Capital Markets Authority (CMA).
The bank confirmed that the first tranche of the programme, a 5-year Green Note issuance valued at KES 15 billion with an additional KES 5 billion greenshoe option, is currently open for subscription. The offer is scheduled to close on 5 December.
Stanbic noted that this milestone reinforces the strength and consistency of its Debt Capital Markets division, which continues to play a leading role across East Africa. The institution highlighted its track record in pioneering sustainable finance instruments, including Kenya’s first corporate green bond in 2019 and Tanzania’s first green bond in 2023.
The partnership is expected to support Safaricom’s sustainability agenda while deepening the region’s green finance ecosystem.
