Wazua
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Flame Tree Group 2019
Rank: Member Joined: 3/20/2008 Posts: 503
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kmucheke wrote:Receptor wrote:Another ARM cement kind of situation loading.....run for your wife Flame Tree sets sights on corporate bond
Quote:Flame Tree Group intends to issue a corporate bond to fund growth despite the reduced investor appetite following loss of money in Chase and Imperial bank securities.
Chief executive Heril Bangera says in the latest annual report the firm is working on issuing the bond to help the Nairobi Securities Exchange-listed firm grow. Quote:The bond plans come on the back of FTG having secured Sh905 million ($8.5 million) credit line from SBM bank to improve working capital and fund growth even as it froze payment on maturing loans in the wake of coronavirus. “There is a project ongoing to issue corporate bonds. Even if the amount we may reach is not as high as we target, still we are confident these new funds will come to support FTG,” says Mr Bangera. ICYMI Chase Bank, Imperial Bank, ARM and Nakumatt are some of the firms that have sunk after they issued corporate bonds. Is it different this time? Very true.....RUN
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Rank: New-farer Joined: 3/28/2016 Posts: 37 Location: nairobi
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xxxxx wrote:kmucheke wrote:Receptor wrote:Another ARM cement kind of situation loading.....run for your wife Flame Tree sets sights on corporate bond
Quote:Flame Tree Group intends to issue a corporate bond to fund growth despite the reduced investor appetite following loss of money in Chase and Imperial bank securities.
Chief executive Heril Bangera says in the latest annual report the firm is working on issuing the bond to help the Nairobi Securities Exchange-listed firm grow. Quote:The bond plans come on the back of FTG having secured Sh905 million ($8.5 million) credit line from SBM bank to improve working capital and fund growth even as it froze payment on maturing loans in the wake of coronavirus. “There is a project ongoing to issue corporate bonds. Even if the amount we may reach is not as high as we target, still we are confident these new funds will come to support FTG,” says Mr Bangera. ICYMI Chase Bank, Imperial Bank, ARM and Nakumatt are some of the firms that have sunk after they issued corporate bonds. Is it different this time? Very true.....RUN Lets see the return. If its high like ARM, you will know that these guys are desperate and the bond will be a non-starter.
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Flame Tree Group 2019
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