Rwanda: Local Investors Snap Up Rwf12.5 Billion Govt Bond

The Rwf12.5b Government Treasury Bond (GTB) issued by the central bank was highly successful, hitting a subscription rate of 140 per cent, Finance minister Amb. Claver Gatete has said. He said eight per cent of this was from regional investors, mainly Kenya.

The Government, through the National Bank of Rwanda (BNR), started accepting bids from investors on Monday ranging from Rwf100,000 to Rwf50m and closed the process yesterday morning.

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