“This investment by the strategic investor will complement other funding options to settle the outstanding convertible bond and fund infrastructure projects,” Nairobi- based co. says in newspaper statement.
* TC Mauritius Holdings, TransCentury’s Mauritian unit, implementing “ongoing fundraising programme”;
* Farallon Capital Europe, Investec Asset Management propose bondholders receive half of 8b shillings due March 25, balance by March 2017 via rights offer, Nairobi-based Business Daily reports, citing offer letter;
* NOTE: Feb. 15, TransCentury of Kenya Working on Bond Repayment Plan. Source: Bloomberg