Nairobi, April 30 -- I&M Bank has set a minimum investment threshold of Sh500,000 for its corporate bond that seeks to raise Sh20 billion to grow its loan book and boost its capital levels, signalling a preference for high-net-worth investors.

The listed lender intends to raise Sh10 billion in the first tranche of the bond, which runs for two weeks to May 15, 2026, with the option of taking an additional Sh3 billion in case of an oversubscription under what is referred to as the greenshoe option.

The minimum threshold set by I&M is high compared to those set by Safaricom, East African Breweries Limited (EABL), and Kenya Mortgage Refinance Company (KMRC) when they listed bonds in the market.

KMRC has set the minimum subscription in its ...