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Rwanda reopens 15-year bond worth $35mn to deepen capital markets

Street of Rwanda. Photo by Dieuvain Musaghi @ Unsplash
Street of Rwanda. Photo by Dieuvain Musaghi @ Unsplash
  • Rwanda reopens $35 mn 15-year bond at 13% coupon
  • Move targets capital market depth and regional participation

 

KIGALI, RWANDARwanda has reopened a 15-year fixed coupon government bond worth $35mn this week, aiming to deepen capital market development and broaden long-term investment options for domestic and regional investors.

The bond carries a coupon rate of 13% per annum, with bids open from Monday to Wednesday, according to the National Bank of Rwanda, which is acting on behalf of the government.

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