Safaricom has officially listed its Green Bond on the Nairobi Securities Exchange (NSE).
According to the company, 2,453 individual investors accounted for 96% of all applications. This highlights the growing retail appetite for capital markets products when access barriers are lowered. Nearly six in ten applications were submitted via USSD, with payments completed through M-PESA.
Safaricom received total applications worth KES 41.4 billion but will take up KES 20 billion in the first tranche of its Domestic Medium-Term Note (MTN) programme. The offer was oversubscribed by 175 percent, signalling strong market confidence in the telco’s financial position and long-term strategy.
The bond’s formal listing was marked by a bell-ringing ceremony at the NSE and represents Safaricom’s return to the capital markets. It is also the company’s first issuance under its MTN Programme, which is anchored in its Sustainable Finance Framework.
Safaricom Group Chief Finance Officer Dilip Pal said the transaction reflects the potential of Kenya’s capital markets when innovation and inclusion are prioritised.
“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,” he said.
The proceeds will be used to support projects focused on energy efficiency and sustainability. These include 5G rollout, solar-powered network sites and the replacement of legacy infrastructure with cleaner and more efficient technologies.
The green bond is now listed and available for trading on the Nairobi Securities Exchange.
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