{"id":2944,"date":"2019-07-01T17:41:52","date_gmt":"2019-07-01T17:41:52","guid":{"rendered":"https:\/\/cre8ivedge.net\/backend\/prime-bank\/?post_type=newsroom&#038;p=2944"},"modified":"2025-05-27T12:48:12","modified_gmt":"2025-05-27T12:48:12","slug":"prime-bank-raises-usd-10-million-private-bond","status":"publish","type":"newsroom","link":"https:\/\/cre8ivedge.net\/backend\/prime-bank-dev\/newsroom\/prime-bank-raises-usd-10-million-private-bond\/","title":{"rendered":"PRIME BANK, RAISES USD 10 MILLION PRIVATE BOND"},"content":{"rendered":"<p>Prime Bank has raised Sh1 billion ($10 million) through private placement to help it expand its loan book for lending to Small and Medium Enterprises in Kenya.<\/p>\n<blockquote><p>Burbidge Capital acted as the arranger &amp; placing agent and Coulson Harney as the legal advisors.<\/p><\/blockquote>\n<p>During the signing, Managing Director Mr. Bharat Jani said the Bank raised USD10 million issued through a private placement of 5.5 year USD denominated notes representing a 100% subscription rate.<\/p>\n<p>\u201cThe 5.5 -year bond will be raised in tranches with the proceeds going expansion and strengthening the bank\u2019s capital base,\u201d he added.<\/p>\n<p>Mr.Jani added that the bank plans to use the funds to support its future expansion plans.<\/p>\n","protected":false},"featured_media":3243,"template":"","categories":[21],"tags":[],"class_list":["post-2944","newsroom","type-newsroom","status-publish","has-post-thumbnail","hentry","category-bank-news"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PRIME BANK, RAISES USD 10 MILLION PRIVATE BOND - Prime Bank<\/title>\n<meta name=\"robots\" content=\"noindex, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PRIME BANK, RAISES USD 10 MILLION PRIVATE BOND - Prime Bank\" \/>\n<meta property=\"og:description\" content=\"Prime Bank has raised Sh1 billion ($10 million) through private placement to help it expand its loan book for lending to Small and Medium Enterprises in Kenya. Burbidge Capital acted as the arranger &amp; placing agent and Coulson Harney as the legal advisors. 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