Rwanda’s first health sector bond fully subscribed, boosting capital markets

• Africa Medical Supply’s $3.5 million corporate bond oversubscribed
• The five-year instrument, paying 13.5% annually, marks the first-ever health sector bond

KIGALI, RWANDA – Africa Medical Supply, one of Rwanda’s leading distributors of medical products, has successfully raised $3.5 million through a corporate bond that was fully subscribed, in a sign of rising investor appetite for healthcare.