Over 2000 individual investors applied for the Safaricom Green Bond, making up 96% of all applications made.
The telco announced that it formally listed the Greed Bond at the Nairobi Securities Exchange.
“This transaction demonstrates what is possible when local capital markets are deliberately and thoughtfully engaged. It is a clear vote of confidence in our fundamentals, strategy, and long-term outlook, and a strong signal of confidence in the depth and resilience of Kenya’s capital markets,” said Dilip Pal, Safaricom PLC Group Chief Finance Officer.
The company has also revealed that over half (59%) of the applications received were made via USSD and payments via M-Pesa.
Safaricom will now take up KSh20 billion in the first tranche of the Domestic Medium-Term Note programme, which represents about half of the KSh41.4 billion in applications.
Dilip said the proceeds will finance investments that support an energy-efficient digital future, including 5G deployment, solarisation of network sites, and the transition from legacy technologies to cleaner, more efficient solutions.