Rwanda Issues 10-Year Bond to Raise RWF 10 Billion for Infrastructure

• Book-build closes 23 April, listing set for 29 April on the Rwanda Stock Exchange
• Sale deepens local debt market as public debt climbs to 77.6 % of GDP

The National Bank of Rwanda has opened subscriptions for a 10-year fixed-coupon Treasury bond worth 10 billion Rwandan francs (about US$7 million) to fund infrastructure and broaden the domestic capital market. The bond matures on 17 April 2035 and will pay interest twice a year, with the first coupon due on 25 October 2025.