TRIFIC Green USD I-REIT is officially listed on the Nairobi Securities Exchange

The debut marks a significant milestone for East African capital markets, further expanding the region's market with a US dollar-denominated, green-certified Industrial Income REIT (I-REIT). The financial instrument offers both institutional and retail investors a direct pathway to hedge against currency fluctuations while backing sustainable commercial real estate.

High Investor Appetite Drives 103.3% Oversubscription

The listing follows a highly successful public offer that closed significantly above its initial targets. The offer achieved a 103.3% oversubscription rate, successfully raising $30.8 million (approx. KSh 4 billion) against a baseline target of $29.8 million. Combined with the sponsor’s retained stake, the trust commenced secondary trading with an initial market capitalization of approximately $37.3 million.

Core Performance Metrics and Structuring

Metric	Detail / Target
Anchor Asset	TRIFIC North Tower (EDGE-certified commercial office)
Zone Classification	Special Economic Zone (SEZ) / Diplomatic Blue Zone
Target Dividend Yield	8% per annum (Distributed semi-annually)
Payout Policy	95% of distributable income (Exceeding the 80% statutory minimum)
Leverage Status	0% debt at launch (Future cap strictly limited to 35% of asset value)

Because the underlying asset sits within the Two Rivers International Finance and Innovation Centre (TRIFIC) SEZ, its tenants consist primarily of global service exporters, technology firms, and multinational BPOs. Consequently, rental revenues are fully dollarized, insulating distributions from local currency volatility.

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