Kenya’s First Green Mortgage Bond Issued by HF Group Raises Ksh3 Billion

HF Group has issued Kenya’s first Green Mortgage Bond, raising Ksh3 billion from institutional investors to finance energy-efficient affordable housing. The 7-year bond, listed on the Nairobi Securities Exchange, offers a 12% coupon and funds homes with solar panels, rainwater harvesting, and green certification. The Green Building Council of Kenya verified all projects. Early buyers include pension funds and SACCOs. HF aims to finance 3,000 eco-homes by 2026. The World Bank praised the innovation as a scalable model for sustainable housing finance in emerging markets, aligning with Kenya’s climate goals and housing deficit reduction strategy.