KENYA MORTGAGE REFINANCE COMPANY (KMRC)
Kenya Mortgage Refinance Company (KMRC) is designed to support affordable housing through long-term financing solutions that strengthen Kenya’s mortgage market and unlock sustainable home ownership.
Current Offer Details
Summary of the Offering
| Offer Amount | USD 11,000,000 with a green shoe option of USD 4,000,000 |
| Minimum Investment | USD 1,000 |
| Trading Lots | 1,000 units |
| No. of Units Offered | 11,000,000 units |
| Offer Price per Unit | USD 1 |
| Target Dividend Yield | 8% per annum (net yield after costs including management fees). This dividend is subject to a withholding tax as dividend income for non-exempt investors which is a final tax. Further details on applicable dividend rates are set out at Section 11.6 of this Prospectus |
| Dividend Distribution Frequency | Semi-annually |
| Target Dividend Distribution | 95% of the income earned by Kenya Mortgage Refinance Company (KMRC) in any financial year which shall primarily comprise interest income |
| Currency | USD |
| Transaction Costs | Capped at 2.5% of the Offer Amount |
Countdown to Close Date
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Closing Date
October 28, 2026 at 12:00 AM