{"id":55396,"date":"2025-08-28T11:23:55","date_gmt":"2025-08-28T11:23:55","guid":{"rendered":"https:\/\/new.igihe.com\/africa-medical-supplier-lists-frw-5-billion-bond-on-rwanda-stock-exchange\/"},"modified":"2025-08-29T18:46:21","modified_gmt":"2025-08-29T18:46:21","slug":"africa-medical-supplier-lists-frw-5-billion-bond-on-rwanda-stock-exchange","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/africa-medical-supplier-lists-frw-5-billion-bond-on-rwanda-stock-exchange\/","title":{"rendered":"Africa Medical Supplier lists Frw 5 billion bond on Rwanda Stock Exchange"},"content":{"rendered":"<p>The five-year Medium-Term Senior Unsecured Bond, which was fully subscribed, carries a fixed coupon of 13.25% per annum and will pay investors semi-annual interest with amortised principal repayments starting 18 months after issuance. Proceeds will be used to refinance AMS\u2019s foreign-denominated debt and finance its growth strategy, including expansion into new markets.<\/p>\n<p>At the listing ceremony in Kigali, RSE Chief Executive Officer Pierre Celestin Rwabukumba said the transaction showcased the growing depth of Rwanda\u2019s capital market.<\/p>\n<p>\u201cAMS Plc listing is particularly significant as it becomes the first company in the healthcare sector to graduate from the Capital Market Investment Clinic, raise money, and be profiled on the RSE special board,\u201d Rwabukumba said. <\/p>\n<p>\u201cThis serves as a good example for other SMEs and corporates on what\u2019s possible in our capital market today.\u201d<\/p>\n<p>Capital Market Authority CEO Thapelo Tsheole added that raising funds through bonds is not only about financing but also about visibility and credibility.<\/p>\n<p>&#8220;The capital market offers visibility and instils confidence, both of which contribute to strengthening the company,&#8221; he stated.<\/p>\n<p>AMS CEO and founder Fabrice Shema Ngoga described the listing as a defining moment for the 17-year-old medical supplier.<\/p>\n<p>\u201cToday\u2019s bond listing represents a new chapter in the history of AMS Plc, a chapter defined by innovation, trust, and a shared vision of progress,\u201d Ngoga said. \u201cThis listing is not an endpoint but a beginning, and a rallying point for all stakeholders to join hands in pursuit of lasting impact.\u201d<\/p>\n<p>Founded in 2008, AMS supplies pharmaceuticals, diagnostic kits, hospital equipment, and consumables to more than 400 clients, including hospitals, pharmacies, NGOs, UN agencies, and government programs in Rwanda and the Democratic Republic of Congo. In 2024, the company reported revenues of Frw 18.5 billion and a net profit of Frw 681 million.<\/p>\n<p>With this listing, AMS joins 10 other companies on the RSE\u2019s equities board and five other corporates on its fixed-income segment, alongside 85 treasury bonds.<\/p>\n<figure class=\"spip-document spip-document-93312 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/gzxszdjwkaa9yqt.jpg\" alt=\"Africa Medical Supplier Plc (AMS) on Wednesday, August 27, 2025, officially listed a Frw 5 billion corporate bond on the Rwanda Stock Exchange (RSE), marking a historic milestone as the first healthcare company in the country to issue and list such a bond.\" \/><\/figure>\n<figure class=\"spip-document spip-document-93316 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/gzxtdaqa4auolv9.jpg\" alt=\"At the listing ceremony in Kigali, RSE Chief Executive Officer Pierre Celestin Rwabukumba said the transaction showcased the growing depth of Rwanda\u2019s capital market.\" \/><\/figure>\n<figure class=\"spip-document spip-document-93313 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/gzxs_euxyaarz6a.jpg\" alt=\"AMS CEO and founder Fabrice Shema Ngoga described the listing as a defining moment for the 17-year-old medical supplier.\" \/><\/figure>\n<figure class=\"spip-document spip-document-93314 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/gzxtnc4xgailelrnew.jpg\" alt=\"The listing ceremony was held on Wednesday, August 27, 2025.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Africa Medical Supplier Plc (AMS) on Wednesday, August 27, 2025, officially listed a Frw 5 billion corporate bond on the Rwanda Stock Exchange (RSE), marking a historic milestone as the first healthcare company in the country to issue and list such a bond.<\/p>\n","protected":false},"author":131,"featured_media":2000093315,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[75],"byline":[192],"hashtag":[],"class_list":["post-55396","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-homenews","byline-wycliffe-nyamasege"],"bylines":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","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":131}],"contributors":[{"id":192,"name":"Wycliffe Nyamasege","slug":"wycliffe-nyamasege","description":"","image":{"id":0,"url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&f=y&r=g","alt":"Default avatar","title":"Default 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