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CLIENTS

Dry Associates has acted as transaction advisors in the following:

  • Dec 2023: RA International – Refinanced $15 million extending tenor to 3 years
  • Oct 2023: Burn Manufacturing – Increased this Green Bond programme to $10 million from $5M
  • Jun 2023: Mogo Auto – Arranged 3-year KES 2 billion Adjustable-Rate Coupon issue
  • Mar 2023: Burn Manufacturing – Arranged and placed $5 million in 1- and 2-year notes
  • Jan 2023: Mogo Auto – Increased short term programme of 1- and 2-year notes to KES 2 billion
  • Dec 2022: Watu Credit (Uganda) – Arranged $5 million 6- and 12-month note programme
  • Aug 2022: Arranged and placed Mogo Auto Limited KES 1 Billion Multicurrency Short Term Note Programme
  • Jul 2022: Increased Watu Credit Short Term Note Programme to KES 2 Billion
  • Jun 2022 – Refinanced Gardaworld (Kenya) 5 year bond totaling KES 1.8 billion equivalent in KES and USD
  • Apr 2022: RA International – Raised $15 million in 2.5 year note programme
  • Dec 2020: Arranged and Placed Watu Credit (Secured) KES 500 Million Short Term Note Programme
  • Jul 2020: Arranged and Placed RA International – Dollar & Sterling 2-year Note Program – $6.5 million
  • Mar 2020: Arranged And Placed Repelectric $500,000 Short & Medium Term Note Programme
  • May 2018: Arranger And Placement Agent For KES 1 Billion ASL Credit Ltd 2 Year Private Note Program
  • Dec 2016: Arranger And Placement Agent For USD 3 Million Dubai-Based RA International 18 Month Private Note Program
  • Nov 2016: Arranger And Placement Agent For KES 1 Billion Gardaworld (Kenya) Ltd 5 Year Private Note Program
  • Jun 2016: Arranger And Placement Agent For A KES 2 Billion Multiple Hauliers (EA) Ltd (Guaranteed) Private Note Program
  • Feb 2016: Arranged And Placed A USD 6 Million RMA Motors (Kenya) Ltd (Home Office Guaranteed) Private Note Program
  • Jul 2015: Arranged And Placed KES 500 Million ASL Credit 2 Year Private Note Program
  • Jun 2014: Arranged And Placed KES. 250 Million AAR Credit Services Private Note Program
  • Jun 2013: Arranged And Placed KES. 300 Million Alios Finance Kenya Ltd Private Note Program
  • Mar 2012: Arranged And Placed KES. 300 Million ASL Credit Ltd (Ramco Group) Private Note Program
  • Feb 2012: Arranged And Placed KES. 500 Million Intex Private Note Program
  • Jul 2011: Arranged And Placed KES. 1 Billion Athi River Mining Private Note Program
  • Mar 2011: Arranged And Placed KES. 250 Million KK Security Public CP
  • May 2010: Placed KES 200 Million ( 2nd Tranche) Of KES 1 Billion TPS Serena 5-Year Notes
  • Mar 2010: Arranger And Placing Agent KES 300 Million Car & General Private Note Programme
  • Feb 2010: Renewal Of KES 100 Million Davis & Shirtliff Commercial Paper Issue
  • Nov 2009: Arranged And Placed First Tranche (KES. 200M) Of KES. 1 Billion Private TPS Serena 5-Year Note Programme
  • Aug 2009: Renewal Of KES 300 Million Crown-Berger CP Issue
  • Jul 2009: Renewal Of KES 100 Miliion Synergy Industrial Credit Limited CP Issue
  • Mar 2009: Renewal Of KES 100 Million Davis & Shirtliff Limited CP Issue
  • Aug 2008: Arranged And Placed KES 300 Million Crown-Berger CP Issue
  • Aug 2008: Renewal Of KES 100 Million Synergy Industrial Credit Limited CP Issue
  • Mar 2008: Arranger And Placement Agent For New KES 100 Million Davis & Shirtliff Limited CP Issue
  • Oct 2007: Arranger And Placement Agent For New KES 500M K-Rep Bank Limited CP Issue
  • Aug 2007: Renewal Of KES 100M Synergy Industrial Credit Limited CP Issue
  • May 2007: Arranger And Placement Agent For New KES 250M Athi River Mining CP Issue
  • Oct 2005: Joint Placement Agent With Barclays Bank Kenya Ltd And Dyer & Blair Ltd Of KES. 800M Athi River Mining Ltd Corporate Bond Issue.
  • Aug 2005: Arranged And Placed KES 100M Synergy Industrial Credit Limited CP Issue.
  • Jun 2005: Increased TPS Commercial Paper Issue To KES 300M From KES 200M
  • Jun 2002: Arranged And Placed KES 50M Athi River Mining Limited CP Issue.
  • Apr 2002: Increased TPS Commercial Paper Issue To KES 200M From KES 100M
  • Nov 2001: Sub-Agent For Industrial And Commercial Development Corporation Investment Company (ICDCI) Public Equity Issue
  • Aug 2000: Joint Arranger And Placement Agent With Kenya Commercial Bank Of KES 500M Pan African Paper Mills CP Issue
  • Jul 2000: Arranged And Placed KES 200M Crown-Berger CP Issue
  • Sep 1999: Arranged And Placed KES 100M Tourism Promotion Services Serena Hotels CP Issue
  • Sep 1999: Arranged And Placed KES 150M Express Kenya CP Issue
  • Jul 1999: Increased CMC Holdings CP Issue To KES 350M.
  • Mar 1999: Arranged And Placed KES 250M CMC Holdings CP Issue
  • Feb 1999: Arranged And Placed KES 100M IPS (Aga Khan Group) CP Issue
  • Apr 1998: Placement Agent For KES 500M Mabati Rolling Mills Commercial Paper (CP) Issue

(Disclaimer: The information provided on this page does not constitute or form part of any offer to invest in any of the Commercial Paper issues. Investment in any of the Companies’ Commercial Paper issues can only be made on the basis of the current Information Memoranda available at the offices of the Placement Agents (Dry Associates Ltd) and made available to intended recipients.)