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IFC issues $16.6m bond in Rwanda to boost private sector growth

Bond market. Photo by Ozkan Guner @ Unsplash
Photo by Ozkan Guner @ Unsplash

Alex Ngarambe

Alex Ngarambe is a journalist covering Rwanda’s business, markets, and economic developments.
  • IFC lists 8-year corporate bond on Rwanda Stock Exchange at 10.5% annual coupon
  • Move expected to deepen Rwanda’s capital markets and finance private sector lending

 

KIGALI, RWANDA – The International Finance Corporation has issued an 8-year, $16.6 million corporate bond on the Rwanda Stock Exchange (RSE), offering a 10.5% annual coupon under its Pan-African Domestic Medium-Term Note Programme.

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