Talanta Stadium is almost complete,it is estimated that the stadium will be complete in 2026.It will be among stadiums in Kenya to host AFCON matches.The cost of building the stadium is Ksh 44.7 billion.
Here are the facts of the stadium:
Construction cost:Ksh 44.7 billion
Location: Jamhuri Grounds along Ngong Road in Nairobi, Kenya, approximately 10 kilometers west of the city’s central business district.
Capacity:60,000 seats
Construction year: 2024 to 2026
Talanta Stadium Bond
The stadium is Ksh44.8 billion infrastructure-backed security listed on NSE.The bond, issued by Linzi FinCo 003, was oversubscribed, receiving investor interest that affirmed confidence in market-based financing for national infrastructure projects, though critics have raised concerns about the government’s use of such debt to fund future projects.
Key Details of the Bond
Purpose: To finance the construction of the 60,000-seater Talanta Sports City Stadium.
Issuer: Linzi FinCo 003, a special purpose vehicle established to raise funds for the stadium.
Amount: KES 44.8 billion.
Listing: On the Nairobi Securities Exchange (NSE) on its restricted fixed income market sub-segment.
Investor Appeal: The bond attracted a substantial amount of investor interest, being oversubscribed at KES 44.7 billion, with tax-exempt interest for investors.
Term: A 15-year tenor, maturing in 2040.
Repayment: Payments to investors are derived from the Sports, Arts and Development Fund, which receives allocations from the Treasury.
