NCBA Bank Kenya Plc has given notice to all holders of its Kes 7B Medium Term Note Programme, of the exercise of its option for early redemption of the outstanding Notes issued under the Note Programme.
The redemption will take effect on 14th September 2020.
The Notes will be redeemed at an amount equal to the nominal value of the Notes, together with accrued but unpaid interest from the preceding Interest Payment Date, 14th September 2020.
The Kes. 7 Billion will on 14th September 2020 be disbursed to the holders registered as owners of the Notes in the Central Depositories and Settlement Corporation register as at 12th August 2020.
In connection with the early redemption, the Notes will be de-listed from the Fixed Income Securities