Absa Bank Kenya USD 50.9m asset-backed financing to Acorn Project Three (10 student accommodation developments)
- Value
- US$50.9m
- Date
- 9 October 2026
- Transaction type
- Other
- Practice area
- Project Finance and Infrastructure
- Sector
- Banking and Financial Services
- Jurisdiction
- Kenya
- Client
- Acorn Project Three (borrower)
Summary
Absa Bank Kenya USD 50.9m asset-backed financing to Acorn Project Three (10 student accommodation developments). Value as disclosed: 50,900,000 USD.
USD 50.9m per the source.
Why it matters
Significant / value undisclosed
Scope of legal work
Anjarwalla & Khanna (ALN Kenya)
Advisers
Other parties
Acorn Project Three (borrower) (acquirer or client); Absa Bank Kenya (lender) (counterparty or seller)
Sources
Compiled by Meridian from the public announcements and filings listed under Sources.
- External researchers
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