{"id":55878,"date":"2025-10-08T11:12:58","date_gmt":"2025-10-08T11:12:58","guid":{"rendered":"https:\/\/new.igihe.com\/energicotel-raises-frw-2-billion-in-oversubscribed-bond-to-fund-expansion\/"},"modified":"2025-10-09T10:31:26","modified_gmt":"2025-10-09T10:31:26","slug":"energicotel-raises-frw-2-billion-in-oversubscribed-bond-to-fund-expansion","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/energicotel-raises-frw-2-billion-in-oversubscribed-bond-to-fund-expansion\/","title":{"rendered":"Energicotel raises Frw 2 billion in oversubscribed bond to fund expansion"},"content":{"rendered":"<p>The company received subscriptions worth Frw 2.9 billion against its Frw 2 billion issuance, making this the second bond under its Frw 6.5 billion long-term programme listed on the Rwanda Stock Exchange (RSE) in August 2021. <\/p>\n<p>The new bond carries a seven-year tenor, maturing on September 27, 2032, with a fixed coupon rate of 13.75% payable semi-annually. Its amortising structure ensures both principal and interest will be repaid in instalments, lowering default risks and reinvestment exposure for investors.<\/p>\n<p>Proceeds from the issuance will support general corporate purposes and repayment of existing obligations. The bond is set to list on the RSE on October 10, 2025, offering liquidity to investors and further deepening Rwanda\u2019s capital markets.<\/p>\n<p>Eng. Carine Mukashyaka, Managing Director of Energicotel, described the oversubscription as a vote of confidence in the firm\u2019s strategy and governance.<\/p>\n<p>\u201cThe oversubscription of our bond is a strong endorsement of our creditworthiness and growth strategy. This milestone not only strengthens our capital base but also reinforces our commitment to delivering sustainable returns for investors,\u201d she said.<\/p>\n<p>The issuance attracted a broad base of retail, institutional, and corporate investors, reflecting a growing appetite for sustainable investments in Rwanda. BK Capital, the investment services arm of BK Group, acted as the sponsoring broker for the transaction.<\/p>\n<p>Ivy Hesse, Acting Managing Director of BK Capital, said the deal signals confidence in Rwanda\u2019s financial markets.<\/p>\n<p>\u201cThe strong investor subscription reflects the trust in Rwanda\u2019s capital markets. At BK Capital, we remain committed to creating avenues for corporates and investors to access financing and investment opportunities that build Rwanda\u2019s future,\u201d she said.<\/p>\n<p>Founded in 2014 under the EPC Africa Group, Energicotel operates three micro-hydroelectric plants across Rwanda and has provided engineering services for major regional energy infrastructure, including the 80 MW Rusumo Falls project. <\/p>\n<p>As it enters its second decade, the company is expanding into new energy businesses, including gas trading and solar power projects in Rwanda and Kenya, set to commence in 2026.<\/p>\n<p>With a track record of delivering beyond targets, Energicotel says the bond proceeds and its diversification strategy will position it to play a greater role in meeting Africa\u2019s growing energy demand while strengthening Rwanda\u2019s capital market.<\/p>\n<figure class=\"spip-document spip-document-95747 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/cec1-min.jpg\" alt=\"Energicotel PLC (ECTL), Rwanda\u2019s independent power producer and engineering consulting firm, has successfully raised Frw 2 billion through a corporate bond that was oversubscribed by 145%, underscoring growing investor confidence in the country\u2019s energy sector.\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Energicotel PLC (ECTL), Rwanda\u2019s independent power producer and engineering consulting firm, has successfully raised Frw 2 billion through a corporate bond that was oversubscribed by 145%, underscoring growing investor confidence in the country\u2019s energy sector.<\/p>\n","protected":false},"author":131,"featured_media":2000095748,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[75],"byline":[192],"hashtag":[],"class_list":["post-55878","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-62","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 avatar","caption":"","mime_type":"image\/jpeg","sizes":[]},"user_id":131}],"featured_image":{"id":2000095748,"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cec1-minlogo.jpg","alt":"","caption":"","mime_type":"image\/jpeg","width":0,"height":0,"sizes":{"thumbnail":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cec1-minlogo.jpg","width":1,"height":1},"medium":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cec1-minlogo.jpg","width":1,"height":1},"medium_large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cec1-minlogo.jpg","width":1,"height":1},"large":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cec1-minlogo.jpg","width":1,"height":1},"full":{"url":"https:\/\/en-images.igihe.com\/IMG\/logo\/cec1-minlogo.jpg","width":0,"height":0}}},"_links":{"self":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/55878","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\/131"}],"replies":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/comments?post=55878"}],"version-history":[{"count":0,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/posts\/55878\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media\/2000095748"}],"wp:attachment":[{"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/media?parent=55878"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/categories?post=55878"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/tags?post=55878"},{"taxonomy":"byline","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/byline?post=55878"},{"taxonomy":"hashtag","embeddable":true,"href":"https:\/\/new.igihe.com\/english\/wp-json\/wp\/v2\/hashtag?post=55878"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}