RESULTS OF THE KENYA SHILLINGS FORTY-FOUR BILLION, SEVEN HUNDRED NINETY-ONE MILLION (KSH. 44,791,000,000) SECURED MEDIUM TERM NOTES UNDER THE LINZI 003 INFRASTRUCTURE ASSET-BACKED SECURITIES PROGRAMME.
Following the closing of the offer period on 30 June 2025, Linzi FinCo is pleased to announce that it received applications for Securities amounting to KES. 44,875,600,000 against the target of KES. 44,791,000,000, representing an overall subscription rate of [100.1889%]. Investors will be allotted on a pro rata basis. Linzi FinCo wishes to thank all the Investors and Transaction advisers, as well as other stakeholders, who have helped to make this Infrastructure Asset Backed Security Programme a success.
A summary of the key results statistics of the issuance of the Notes are set out below:
| OFFER | |
| Issuer | Linzi Finco 003 Trust |
| Description | Infrastructure Asset – Backed Security |
| Tranche Number | 01 |
| Total Amount Offers | KES. 44,791,000,000 |
| Rating | AA (KE)(IR) |
| Return (IRR) | 15.04% per annum |
| Tenor | 15 Years |
| Maturity | 2040 |
| ISIN Number | KE-9800007214 |
| Issue price | 100% |
| OFFER RESULTS | |
| Total Bids Received | KES. 44,875,600,000 |
| Performance/Subscription Rate | 100.1889% |
| Total Amount Accepted | KES. 44,791,000,000 |
| TIMETABLE OF REMAINING KEY EVENTS | |
| Upload of CDSC Accounts | 7th July 2025 |
| Payment/Settlement Date | 7th July 2025 |
| Listing Date | 8th July 2025 |
| TRANSACTION ADVISORS | |
| Securitization Arrangers, and Placement Agents | Liaison Financial Services Ltd, CPF Capital and Advisory Ltd & KCB Investment Bank |
| Registrar, Fiscal and Paying Agent | Image Registrars Limited |
| Rating Agent | GCR Moody’s |
| Securitisation Trustee | Ropat Trust Company Limited |
| Security Trustee | Rokim Note Trustees Limited |
| Legal Counsel | KN Law LLP |
| Model Auditors & Tax Advisors | Ernst & Young LLP |
Disclaimer:
This announcement has been issued with the approval of the Capital Markets Authority pursuant to the Capital markets (Securities) (Public Offers, Listings and Disclosures) Regulations, 2023 ,Capital Markets Act (Asset-Backed Securities) Regulations, 2007, as modified by the Capital Markets Policy Guidance Note on Asset Backed Securities,2017 or any statutory modification or re-enactment thereof, the Capital Markets Authority assumes no responsibility for the corrections of the statements appearing in this announcement.
