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Rwanda raises 10 bln francs with 5-year Treasury bond
August 24, 2017 / 1:39 PM / 3 months ago

Rwanda raises 10 bln francs with 5-year Treasury bond

KIGALI, Aug 24 (Reuters) - Rwanda sold a five-year Treasury bond worth 10 billion francs ($12.11 million) on Wednesday to fund infrastructure projects, the central bank said.

The National Bank of Rwanda said the bond had a final coupon and yield of 12.200 percent and a subscription rate of 222.03 percent. The bond will be listed on the Rwandan bourse on Aug. 29 for secondary buyers.

The next issue will be a seven-year bond on Nov. 22, the bank said. The East African nation of 12 million has been issuing Treasury bonds regularly to develop its nascent debt market and to fund much needed infrastructure.

$1 = 825.9100 Rwandan francs Reporting by Clement Uwiringiyimana; Editing by Duncan Miriri

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