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I&M Bank MTN Debuts on NSE Amid Strong Investor Demand
I&M Bank Limited has officially listed the first tranche of its Kenya Shillings-denominated Medium-Term Note (MTN) Programme on the Nairobi Securities Exchange, marking the start of secondary market trading for the Notes and expanding investor participation in Kenya’s growing fixed income market.
The listing on the NSE’s Main Fixed Income Securities Market Segment now allows investors to buy and sell the Notes through the secondary market, creating greater liquidity and flexibility for participants beyond the initial public offer period.
Strong Investor Appetite Signals Market Confidence
The listing follows a highly successful public offer that achieved a subscription rate of 232.26 percent.
I&M Bank Limited received applications worth KES 23.2 billion against the planned first tranche target of KES 10 billion, highlighting strong investor confidence in the bank’s financial position, governance standards, and long-term growth strategy.
With trading now open, investors can participate in the listed instrument through minimum bids of KES 50,000, widening access to both institutional and retail investors seeking fixed-income opportunities.
Speaking during the NSE bell-ringing ceremony, Sarit Shah said the listing represents an important milestone for both the bank and the wider capital markets ecosystem.
“The listing of our MTN on the Nairobi Securities Exchange marks an important step forward for I&M Bank and for investors. It moves the Notes into an active trading environment, supporting liquidity, price discovery and broader participation in Kenya’s fixed income market,” he said.
He added that the milestone will strengthen the bank’s long-term funding base while supporting its iMara 3.0 strategy focused on corporate, commercial, retail and SME banking growth.
I&M Bank MTN Debuts on NSE Amid Strong Investor Demand
Boost for Kenya’s Corporate Bond Market
The Nairobi Securities Exchange welcomed the listing as another sign of renewed momentum within Kenya’s corporate debt market.
Frank Mwiti noted that the transaction demonstrates growing investor confidence in Kenya’s capital markets and reinforces the increasing role of corporate notes in mobilising long-term private sector funding.
“The listing of I&M Bank’s MTN is a further demonstration of the growing confidence in Kenya’s capital markets and the expanding role of corporate notes in mobilising long-term capital,” he said.
Mwiti added that the issuance joins a growing list of successful corporate debt transactions in the market, including issuances by Safaricom PLC, East African Breweries Limited and Kenya Mortgage Refinancing Company.
Expanding Investment Opportunities
The successful listing also reflects the growing maturity of Kenya’s corporate bond market as more companies seek alternative funding channels outside traditional bank financing.
By allowing investors to trade the Notes on the secondary market, the MTN programme introduces additional flexibility, improves price discovery, and creates new opportunities for investors seeking stable long-term returns.
For I&M Bank Limited, the successful listing strengthens its ability to access long-term capital while supporting future growth ambitions across key business segments.
The development further positions Kenya’s capital markets as an increasingly important platform for financing private sector expansion, infrastructure development, and long-term economic growth.
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