Nairobi, Aug. 19 -- KCB Group targets to raise Sh100 billion by October 2026 as the first tranche of a five-year Sh300 billion medium-term note (MTN) programme, setting the stage for a significantly large capital mobilisation initiative if approved by regulators.

An MTN is a debt instrument used by corporations and financial institutions to raise capital. It usually matures in five to 10 years, offering a middle ground between short- and long-term debt.

KCB expects to list the first tranche in November, which would push the value of issued and outstanding corporate bonds at the Nairobi Securities Exchange (NSE) to about Sh205.3 billion.

The Sh300 billion programme is the largest corporate debt programme announced in Kenya, although KCB...