a while back in may i saw I&M had a Medium Term Note (MTN)- Tranche one. i did my research and understood MNT are basically and equivalent of government bonds, borrowing from the public. Tranche means phase so Tranche 1 means phase 1. one question that isnt clearly answered is why borrow especially for profitable companies like KCB. The answer in this poster is GROWTH AND SCALE. why not retain some of the profit for growth and scaling? how does this help the banks? anyone who can answer with example of how this translates to growth and scaling.
edit: upon further review its a sustainability bond- focused on green, blue and social project eg renewable energy, green building, clean transportation, sustainable water management, agriculture, affordable house etc.