I&M Bank eyes the rich in Sh20bn fundraiser plan

I&M Bank has set a minimum investment threshold of Sh500,000 for its corporate bond aiming to raise Sh20 billion to grow its loan book and boost its capital levels. The bank plans to raise Sh10 billion in the first tranche of the bond, which runs for two weeks until May 15, 2026. I&M is offering a return of 12.2% to investors, which is higher than that of other companies that have recently issued bonds.