Family Bank Raises KSh8 Billion in Oversubscribed Private Placement

Family Bank Raises KSh8 Billion in Oversubscribed Private Placement

Family Bank, one of Kenya’s largest mid-tier lenders, successfully raised just over KSh8 billion in a heavily oversubscribed private share placement, surpassing its KSh6.09 billion target by a wide margin. The offer closed at 131% subscription, attracting strong demand from pension funds, insurers, fund managers, corporates, and individual investors. Strategic Use of Funds The KSh8.004 [...] The post Family Bank Raises KSh8 Billion in Oversubscr…