6 February 2018

Rwanda: Govt to Issue Five-Year Rwf15 Billion Treasury Bond

The government will sell a five-year Treasury bond worth Rwf15 billion this month to fund infrastructure projects, according to a bid notice by the central bank.

Bids for the bond, whose coupon will be market-determined, will be received from February 21 to February 23, the notice indicates.

The TB sale is under the government's quarterly issuance programme that started in 2014 to raise money to fund infrastructure projects. The programme also seeks to develop the local capital market. According to the central bank, the bond will be listed on the Rwandan Stock Exchange's secondary market on February 27.

Government has been issuing regular bonds since 2014 under its quarterly TB issuance programme to fund infrastructure projects and support development of the local capital market.

The previous TB issuance in November 2017 received one of the top subscription rates at 178.14 per cent or 66 applications from retail, banks and institutional investors. Rwanda's external borrowing was 36 per cent and domestic stood at 10 per cent of its gross domestic product by the end of last year.

Rwanda

Rwanda Ranked Among Continent's 3 Least Corrupt Nations

Rwanda has for the second year running ranked third least corrupt country in Africa, according to the latest Corruption… Read more »

Copyright © 2018 The New Times. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 800 reports a day from more than 140 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.