Kenya - "KCB Bank Kenya Limited"
Sector: Government • Location: Kenya
Source: African Development Bank (AfDB)
A proposed finance package of USD 150 million to KCB Bank Kenya Limited (KCB) consisting of: a USD 100 million Subordinated debt (Sub-debt) and a USD 50 million Transaction Guarantee (TG) -(jointly hereinafter, the Facility). The Sub-debt will bolster KCB’s capital base to enable it to continue playing the critical role of a dependable financial intermediary in strategic sectors as well as support
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Participants
Sponsoring Agency | Obfuscated Data |
Company | Obfuscated Data |
Status
Original status | Obfuscated Data |
Taiyo status | Obfuscated Data |
Taiyo last update | 00-00-0000 |
Available timestamps | 00-00-0000 |
Available timestamp type | Obfuscated Data |
Contact
Contact name | Obfuscated Data |
Phone | 0000000000 |
ObfuscatedData@email.com | |
Address | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Description
Description | A proposed finance package of USD 150 million to KCB Bank Kenya Limited (KCB) consisting of: a USD 100 million Subordinated debt (Sub-debt) and a USD 50 million Transaction Guarantee (TG) -(jointly hereinafter, the Facility). The Sub-debt will bolster KCB’s capital base to enable it to continue playing the critical role of a dependable financial intermediary in strategic sectors as well as support its planned growth in line with its aspirations to support, among others, green projects (to 25% of its loan portfolio by year 2031) and other strategic sectors in Kenya. The TG will allow AfDB to provide up to 100% guarantee to Confirming Banks (CBs) for non-payment risk arising from confirmation of Letters of Credit and similar trade finance instruments issued by KCB. The project contributes to climate finance, with 38 million USD of the total approved amount dedicated to mitigation. |
Original sub-sector | Obfuscated |
Original Currency | USD |
Original budget | 000000000000000 |
Procurement method | Obfuscated Data |
Budget | 000000000000000 |
Location
Region | Obfuscated |
Country | Obfuscated |
State | Obfuscated Data |
County | Obfuscated |
Location | Obfuscated Data, Obfuscated data, obfuscated data, Obfuscated data |
Source
Source reliability | High |
Data quality score | 100% |
Source | Obfuscated Data |
URL | obfuscated_data,obfuscateddata.com |
More Details
Project Type | Obfuscated Data |
Article Published Date | Obfuscated Data |