{"id":51280,"date":"2024-08-23T12:11:02","date_gmt":"2024-08-23T12:11:02","guid":{"rendered":"https:\/\/new.igihe.com\/brd-launches-second-sustainability-linked-bond-worth-rwf30-billion\/"},"modified":"2024-08-25T17:51:42","modified_gmt":"2024-08-25T17:51:42","slug":"brd-launches-second-sustainability-linked-bond-worth-rwf30-billion","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/brd-launches-second-sustainability-linked-bond-worth-rwf30-billion\/","title":{"rendered":"BRD launches second Sustainability-Linked Bond worth Rwf30 billion"},"content":{"rendered":"

As per statement issued by the bank on Friday 23rd August 2024, this initiative aligns with global trends towards responsible investment and sustainable development, reinforcing BRD\u2019s commitment to environmental protection and economic growth.<\/p>\n

\u201cThis second bond issuance will raise Rwf 30 billion, with an additional option to issue up to additional Rwf5 billion. It is part of BRD\u2019s broader Rwf 150 billion Medium Term Note [MTN] program,\u201d reads part of the statement. <\/p>\n

The Rwanda Capital Market Authority has approved this issuance, highlighting the strong regulatory support for innovative financial instruments that promote sustainability.<\/p>\n

Building on the success of BRD\u2019s first SLB, the bank states, this second issuance will further strengthen its focus on environmental, social, and governance (ESG) initiatives. It is also expected to improve access to capital for key sectors such as women-led businesses and affordable housing. <\/p>\n

By tying the bond\u2019s performance metrics to specific sustainability targets, BRD is setting a new standard for responsible investment and positive societal impact. The first SLB, issued last year, was oversubscribed by 110.59%, raising Rwf 30 billion. This success has given BRD the confidence to continue using capital markets to fund its growth initiatives. <\/p>\n

\u201cBy issuing our second sustainability-linked bond, we reaffirm our commitment to incentivizing borrowers to set meaningful sustainability targets while maintaining the innovative step-down coupon from the first tranche,\u201d said Kampeta Sayinzoga, CEO of BRD. \u201cInvestors are increasingly looking for opportunities that offer both financial returns and positive societal impact. With this SLB, BRD aims to attract responsible investors who share the principles of sustainable finance.\u201d<\/p>\n

Like the first issuance, this bond is part of the World Bank\u2019s lending operation to the Government of Rwanda through Hatana- Economic Recovery Fund (ERF2). The bond structure includes a partial credit enhancement, and it comes with a 7-year tenor. <\/p>\n

The offer will open on September 2nd, 2024, and close on September 20th, 2024, with a minimum subscription of Rwf 100,000. Investors are encouraged to take part in this unique opportunity that promises both financial returns and positive environmental and social outcomes.<\/p>\n

Once the offer opens, the Prospectus and Pricing Supplement will be available for download on BRD\u2019s website: https:\/\/www.brd.rw. Hard copies may be requested or obtained free of charge at BRD\u2019s offices.<\/p>\n

BRD is Rwanda’s foremost development finance institution, dedicated to supporting the country\u2019s socio-economic development by providing long-term financing to key sectors of the economy. <\/p>\n

Established in 1967, BRD has been instrumental in financing projects that drive Rwanda\u2019s growth, particularly in infrastructure, agriculture, affordable housing, and export sectors. BRD is committed to sustainable development and continues to innovate in providing financial solutions that support Rwanda\u2019s Vision 2050.<\/p>\n

\"The<\/figure>\n","protected":false},"excerpt":{"rendered":"

The Development Bank of Rwanda (BRD) has launched its second Sustainability-Linked Bond (SLB) worth Rwf30 billion, to continue its efforts to promote sustainable financing in Rwanda. <\/p>\n","protected":false},"author":62,"featured_media":2000074088,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[75],"byline":[160],"hashtag":[],"class_list":["post-51280","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-homenews","byline-theophile-niyitegeka"],"bylines":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":3}],"contributors":[{"id":160,"name":"Th\u00e9ophile Niyitegeka","slug":"theophile-niyitegeka","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":3}],"featured_image":{"id":2000074088,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/30537.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/30537.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/30537.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/30537.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/30537.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/30537.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51280","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/users\/62"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=51280"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/51280\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000074088"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=51280"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=51280"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=51280"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=51280"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=51280"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}