{"id":2766,"date":"2021-04-20T17:29:03","date_gmt":"2021-04-20T14:29:03","guid":{"rendered":"https:\/\/familybank.co.ke\/family-bank\/?p=2766"},"modified":"2021-04-21T09:30:50","modified_gmt":"2021-04-21T06:30:50","slug":"family-bank-redeems-a-kes-2-0188-b-medium-term-note-on-maturity","status":"publish","type":"post","link":"https:\/\/familybank.co.ke\/?p=2766","title":{"rendered":"Family Bank Redeems a KES 2.0188 B Medium Term Note on Maturity"},"content":{"rendered":"<p>Family Bank redeemed its five and half years (5 and \u00bd year) Medium Term Notes (MTN) worth KES 2.0188 Billion that was due on 19<sup>th<\/sup> April 2021. On this maturity date, the bondholders have been paid their principal together with the accrued interest of the final six months.<\/p>\n<p>The notes included Fixed Rate Notes with a 13.75% coupon, Mixed Rate Notes with a 14.00% coupon and Floating Rate Notes with a 182-day T-bill coupon rate plus 250 basis points.<\/p>\n<p>\u201cWe wish to thank the investors who participated in the medium-term note. The MTN which was issued back in 2016 and listed in the Nairobi Securities Exchange supported the Bank in its expansion plans and served to strengthen the capital base to be able to increase lending to Medium and Small Sized Enterprises,\u201d said Family Bank\u00a0Chief Executive Officer Rebecca Mbithi.<\/p>\n<p>\u201cWe remain focused on the growth of the Bank to continue meeting the needs of our customers,\u201d she added.<\/p>\n<p>The lead transaction advisors for this transaction were NIC Capital &amp; Faida Investment Bank, Deloitte &amp; Touch\u00e9 as the reporting accountants, MTC Trust as the Note Trustees while Mboya Wangong\u2019u &amp; Waiyaki Advocates were the legal advisors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Family Bank redeemed its five and half years (5 and \u00bd year) Medium Term Notes (MTN) worth KES 2.0188 Billion that was due on 19th April 2021. On this maturity date, the bondholders have been paid their principal together with the accrued interest of the final six months. The notes included Fixed Rate Notes with [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":2769,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2766","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-newsfeed"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Family Bank Redeems a KES 2.0188 B Medium Term Note on Maturity - Family Bank Limited, Kenya<\/title>\n<meta name=\"description\" content=\"Family Bank redeemed its five and half years (5 and \u00bd year) Medium Term Notes (MTN) worth KES 2.0188 Billion that was due on 19th April 2021.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/familybank.co.ke\/?p=2766\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Family Bank Redeems a KES 2.0188 B Medium Term Note on Maturity - 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