Rwanda to Raise U.S. $400 Million in Eurobonds

Kigali — Rwanda has entered the Eurobond market to raise $400 million intended mostly for infrastructure development. The International Monetary Fund has already given its approval of the borrowing.

According to the prospectus, Rwanda will use $200 million to repay loans on the Kigali Convention Centre. Some $150 million will be spent completing the centre. Another $50 million will go towards a hydropower plant, while the rest will be used to beef up RwandaAir, the national carrier.

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