Green Bond Market Launched in Kenya
Nairobi, 20 February, 2019… As part of the strategy of diversifying products in the Kenyan capital markets, the frameworks to issue listed and unlisted green bonds were launched today. A green bond is a fixed income instrument whose proceeds are used to finance or refinance projects which generate climate or other environmental benefits that conform to green guidelines and standards. Issuers of unlisted or listed green bonds in Kenya will be required to appoint an independent