CMA approves Family Bank to exercise green shoe option on oversubscribed Medium-Term-Note
The MTN programme will be issued as both Fixed Rate Notes and Floating Rate Notes. The notes will have a maturity period of not less than five years. The Floating Rate Notes will bear fixed interest payable on dates to be specified in the Pricing Supplement, while the Floating Rate Notes will bear interest benchmarked against the prevailing Treasury Bill rate. The Kenya Shillings denominated notes will be listed on the Fixed Income Securities Market Segment of the Nairobi Securities Exchange.
BACKROUND INFORMATION ON THE CAPITAL MARKETS AUTHORITY