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

Musanze, Rwanda. Photo by Dieuvain Musaghi @ Unsplash
Musanze, Rwanda. Photo by Dieuvain Musaghi @ Unsplash

Alex Ngarambe

Alex Ngarambe is a journalist covering Rwanda’s business, markets, and economic developments.
  • 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.

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