KIGALI- {Rwanda-As one of Africa’s fastest-growing economies, will sell a three-year Treasury bond worth 15 billion francs ($22 million) this month, the central bank said on Thursday.}
The bank said the bond will have a market-determined fixed coupon and its proceeds will be used for infrastructure projects. It will receive bids between Feb. 23 and Feb 25.
Rwanda has been issuing bonds as part of a plan to develop its tiny capital market as well as fund infrastructure projects in the land-locked nation of 11 million people, which still relies heavily on aid for its national budget.
($1 = 685.0000 Rwandan francs)
{{Source: Great Lakes Voice}}
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