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Rwanda issues Treasury Bond worth Rwf20 billion

By IGIHE
On 17 January 2023 at 11:43

The National Bank of Rwanda (BNR) has issued 20-year Treasury Bond worth Rwf20 billion. The funds to be raised will be earmarked for various projects in the areas including infrastructure and capital market development.

Bids for the bond will be received from 16th to 18th January 2023. BNR has urged interested investors to complete bond application forms and submit them not later than 18th January 2023 at 16h:00.

According to the Central Bank, all bids must be submitted to the National Bank of Rwanda through any of the licensed commercial banks or Capital Market intermediaries while successful bidders will get their results through email from 18/01/2023 at 5:00 p.m.

The interest rate will be confirmed on 18th January after reviewing all investors’ bids.

After raising the funds, it is expected that investors will be paid back not later than December 2042.

Rwanda continues to expend much effort for capital market development.

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