News Column

Rwanda : PROCESS to float IFC bond on RSE launches

May 13, 2014

The process to drift the planned International Finance Corporation (IFC) bond on the Rwanda stock exchange (RSE) has been introduced that would raise funds for investments in Rwanda.

As per Shehzad Noordally, This is an opportunity to diversify your investment portfolio for better returns. The IFC 5 year Bond will pay interest rate of 11.675% 12.5% per annum, twice a year. These bonds are risk free.

The potential investors require a minimun of Rwf 100,000 ($150) to register for participation. However, the rate will be determined by market forces; the lowest denomination investors will be allowed to buy will be $74,000, according to The East African, a regional weekly.

Standard Bank/CfC Stanbic Bank Ltd and Bank of Kigali are arranging the floating of the bond on the RSE, which is expected fetch some Rwf15billion ($22million).

The bond will be available to domestic and international fixed income investors, opening up the international private bond listing on the Rwanda Stock Exchange (RSE).

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Source: TendersInfo (India)