RINK:

Private placement by Mycredit

MyCredit, a non-bank financial services company offering loans, guarantees, leasing and insurance services, is planning a private placement as it seeks to grow its business.

The credit only finance company is offering a minimum of Ksh500,000 and a maximum of Ksh20 Million placement per investor, with an option of three tenors and guaranteed high returns.
A 3-month tenor will offer a 10 per cent rate of return, 6 months (12%), up to 9 months (14%) and 10 months and over (16%).

The offering is offered exclusively to the client as a private offer as defined in Regulation 21 of the Capital Markets (Securities) (Public Offers, Listings and Disclosures) Regulations, 2002 and therefore not subject to approval by the Capital Markets Authority.

Careful.....this is a public forum....so this cannot be considered a private placement.