{"id":53984,"date":"2025-04-22T13:18:25","date_gmt":"2025-04-22T13:18:25","guid":{"rendered":"https:\/\/new.igihe.com\/rwanda-issues-frw-10-billion-treasury-bond\/"},"modified":"2025-04-23T16:22:05","modified_gmt":"2025-04-23T16:22:05","slug":"rwanda-issues-frw-10-billion-treasury-bond","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/rwanda-issues-frw-10-billion-treasury-bond\/","title":{"rendered":"Rwanda issues Frw 10 billion treasury bond"},"content":{"rendered":"<p>According to a prospectus issued by the National Bank of Rwanda (BNR), the fixed coupon bond, designated FXD 9\/2025\/10YRS, will be issued on April 23, 2025, and will mature on April 13, 2035.<\/p>\n<p>The proceeds will be directed towards development of infrastructure projects and efforts to deepen the country\u2019s capital markets.<\/p>\n<p>The interest rate will be determined at the close of a book-building process on Wednesday, April 23, 2025 at 4:00 PM Kigali time. Semi-annual interest payments will commence on October 24, 2025.<\/p>\n<p>The bond is open to both resident and non-resident investors with a Central Securities Depository (CSD) account, and the minimum investment is FRW 50 million for competitive bids and FRW 100,000 for non-competitive bids.<\/p>\n<p>\u201cThe allotment process will cater to both retail and institutional investors, following EAC common market protocols,\u201d BNR stated. Bids will be accepted from April 21 to April 23, with results expected by 5:00 PM on issuance day. Settlement is scheduled for April 25.<\/p>\n<p>Fitch ratings in November 2024 maintained Rwanda\u2019s long-term foreign-currency issuer default rating at \u2018B+\u2019 with a stable outlook, citing strong governance and sound macroeconomic management.<\/p>\n<p>The Rwandan government has doubled efforts to mobilize domestic resources, with treasury bonds increasingly becoming a primary tool for budget support and economic resilience. The economy expanded by 7.6% in 2024, underpinned by growth in services, agriculture, and construction.<\/p>\n<p>Analysts say Rwanda\u2019s continued success in the domestic bond market reflects investor confidence in the country\u2019s long-term economic fundamentals and disciplined fiscal management. Previous issuances, including the FXD 6\/2021\/7YRS and FXD 4\/2020\/15YRS bonds, were oversubscribed.<\/p>\n<figure class=\"spip-document spip-document-86202 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/arton148927-f2bcc-acd2b-4394e.jpg\" alt=\"The Government of Rwanda is set to raise Frw 10 billion through a new 10-year treasury bond.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>The Government of Rwanda is set to raise Frw 10 billion through a new 10-year treasury bond, as the country turns to domestic markets to support infrastructure development and offset growing fiscal initiatives.<\/p>\n","protected":false},"author":135,"featured_media":2000086201,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[75],"byline":[170],"hashtag":[],"class_list":["post-53984","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","tag-homenews","byline-igihe"],"bylines":[{"id":170,"name":"IGIHE","slug":"igihe","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":8}],"contributors":[{"id":170,"name":"IGIHE","slug":"igihe","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":8}],"featured_image":{"id":2000086201,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile_1-37.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile_1-37.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile_1-37.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile_1-37.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile_1-37.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/profile_1-37.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53984","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\/135"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=53984"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/53984\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000086201"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=53984"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=53984"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=53984"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=53984"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=53984"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}