Govt officially lists Rwf15BN bond on the local bourse

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The government of Rwanda today officially listed its bond (Fxd4/2014/7Years) worth Rwf15 billion on Rwanda Stock Exchange (RSE) counters.

Local investors have apparently picked interest in the government bonds buying them at a higher rate (oversubscribed at 187 per cent) than anticipated, a sign that shows that Rwandans are learning new ways of marking money on the bonds market.

In the meantime, the Rwanda Stock Exchange index (RSI) and all shares index remained constant to close at 234.09 and 135.18 respectively.

The Bank of Kigali (BK) counters closed at Rwf 290 (Rwf 290 previous). The trading session was quiet today.

As the Bralirwa counter closed at Rwf 351 (Rwf 351 previous). The trading session was quiet today. No transaction recorded on KCB, NMG and Uchumi Supermarket Limited counters.

At the end of formal trading hours, there were outstanding offers of 423,900 BK shares between Rwf 296-310 and an outstanding bid of 5,000 shares at Rwf 280.

On Bralirwa counter, there were outstanding offers of 9,800 shares between Rwf 380-390 and outstanding bids of 67,800 shares between Rwf 349-351.

On USL there was an outstanding offer of 6,000 shares at Rwf 104 and no outstanding bids.

The RSE bond market; there was an outstanding bid of 500,000 bonds at Rwf 100 and no outstanding offers from government bonds.

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About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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