Rwanda Planning to Launch 5–Year 10 Billion Franc Treasury Bond in February

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The launch paves the way for Rwanda to fund infrastructure projects.

Rwanda central bank plans to raise funds from institutional and foreign investors to fund its infrastructure projects.

According to the central bank statement the five-year Treasury bond worth 10 billion francs ($12 million) this month to fund infrastructure projects, the central bank said on its website on Monday.

Bids for the bond, whose coupon will be determined by the market, will be received from Feb. 22 to Feb. 24.

The East African country has been issuing bonds as part of a strategy to develop its capital market and fund infrastructure projects.

The country wants to reduce its dependence on aid to finance its national budget.

The bank said the bond will be listed on the Rwandan stock market on Feb. 28 for secondary trade.

 

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