{"id":55914,"date":"2025-10-10T22:27:03","date_gmt":"2025-10-10T22:27:03","guid":{"rendered":"https:\/\/new.igihe.com\/energicotel-s-oversubscribed-frw-2-billion-bond-listed-on-rwanda-stock-exchange\/"},"modified":"2025-10-10T22:26:58","modified_gmt":"2025-10-10T22:26:58","slug":"energicotel-s-oversubscribed-frw-2-billion-bond-listed-on-rwanda-stock-exchange","status":"publish","type":"post","link":"https:\/\/new.igihe.com\/english\/energicotel-s-oversubscribed-frw-2-billion-bond-listed-on-rwanda-stock-exchange\/","title":{"rendered":"Energicotel\u2019s oversubscribed Frw 2 billion bond listed on Rwanda Stock Exchange"},"content":{"rendered":"<p>The Frw 2 billion bond marks the second tranche of Energicotel\u2019s Long-Term Fixed Rate Bond Program, first introduced in 2021.<\/p>\n<p>The listing highlights the growing role of Rwanda\u2019s capital markets in financing private sector growth and supporting the country\u2019s energy transition. <\/p>\n<p>Energicotel, a leading Independent Power Producer (IPP) and energy solutions provider, plans to use proceeds from the bond to expand power generation capacity and implement energy efficiency projects.<\/p>\n<p>At the listing ceremony, RSE CEO Pierre Celestin Rwabukumba commended Energicotel for its consistent performance and transparency. <\/p>\n<p>\u201cEnergicotel is not just a power-producing company. With their work, they are powering progress and empowering people. Four years ago, they joined our fixed-income market after graduating from the Capital Market Investment Clinic, and today they are back to list the second tranche, a testament to sustained growth and investor confidence,\u201d he said.<\/p>\n<p>The RSE boss noted that the company\u2019s journey, which began with its participation in the Capital Market Investment Clinic in 2021, exemplifies how Rwandan firms can leverage capital markets to fund expansion and gain credibility.<\/p>\n<p>\u201cCapital markets don\u2019t just offer capital; they provide visibility and trust for companies to operate and compete in today\u2019s business landscape\u201d.<\/p>\n<p>Capital Markets Authority CEO Thapelo Tsheole said the listing reflects strong collaboration between market participants and growing citizen engagement in Rwanda\u2019s capital markets. <\/p>\n<p>\u201cThis achievement shows the strength of our partnerships and the growing participation of citizens in our market. We are committed to building on this momentum to deepen market confidence and drive economic growth,\u201d Tsheole stated.<\/p>\n<p>Ivy Hesse, Acting Managing Director at BK Capital, the transaction advisor and lead arranger, highlighted Energicotel\u2019s disciplined preparation. <\/p>\n<p>\u201cThe universe doesn\u2019t give to those who just want, but to those who prepare. From the beginning, Energicotel prepared itself by joining the investment clinic, setting clear intentions, and proving its commitment. Investors responded by giving them the capital to bring their vision to life,\u201d she said<\/p>\n<p>Access to Finance Rwanda CEO Jean Bosco Iyacu described the oversubscription as a sign of Rwanda\u2019s maturing capital market. <\/p>\n<p>\u201cWhen we first engaged Energicotel in 2021, they were among the first SMEs to take the leap into the bond market. Today\u2019s listing shows how far we\u2019ve come,\u201d he said<\/p>\n<p>Energicotel Executive Director Ferdy Turasenga thanked investors and partners for their faith in the company\u2019s vision.<\/p>\n<p>\u201cWhen the government focuses on providing essential needs like electricity and water, businesses like ours find an opportunity to contribute. Our investments create jobs for engineers, bankers, and communities, and their impact will last for generations,\u201d he said.<\/p>\n<p>He noted that Energicotel\u2019s mission extends beyond profits to long-term socioeconomic transformation.<\/p>\n<p>\u201cWherever we invest, we plant seeds for young engineers and innovators who will carry this work forward. Investing in engineering is not just a financial return, it\u2019s a social return,\u201d he said.<\/p>\n<p>Rwanda\u2019s capital market currently lists over 100 instruments, including 86 government bonds, seven corporate bonds, sustainability-linked and green bonds, and 10 equities. <\/p>\n<p>The successful Energicotel listing affirms the country\u2019s commitment to a dynamic and inclusive capital market that channels private investment into national development.<\/p>\n<figure class=\"spip-document spip-document-95941 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1603.jpg\" alt=\"The Frw 2 billion bond marks the second tranche of Energicotel\u2019s Long-Term Fixed Rate Bond Program, first introduced in 2021.\" \/><\/figure>\n<figure class=\"spip-document spip-document-95940 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1638.jpg\" alt=\"The listing highlights the growing role of Rwanda\u2019s capital markets in financing private sector growth and supporting the country\u2019s energy transition. \" \/><\/figure>\n<figure class=\"spip-document spip-document-95939 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1582.jpg\" alt=\"Energicotel Executive Director Ferdy Turasenga thanked investors and partners for their faith in the company\u2019s vision.\" \/><\/figure>\n<figure class=\"spip-document spip-document-95934 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1448.jpg\" alt=\"RSE CEO Pierre Celestin Rwabukumba commended Energicotel for its consistent performance and transparency. \" \/><\/figure>\n<figure class=\"spip-document spip-document-95938 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1555.jpg\" alt=\"Capital Markets Authority CEO Thapelo Tsheole said the listing reflects strong collaboration between market participants and growing citizen engagement in Rwanda\u2019s capital markets. \" \/><\/figure>\n<figure class=\"spip-document spip-document-95936 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1504.jpg\" alt=\"Access to Finance Rwanda CEO Jean Bosco Iyacu described the oversubscription as a sign of Rwanda\u2019s maturing capital market. \" \/><\/figure>\n<figure class=\"spip-document spip-document-95935 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1473.jpg\" alt=\"Ivy Hesse, Acting Managing Director at BK Capital, the transaction advisor and lead arranger, highlighted Energicotel\u2019s disciplined preparation. \" \/><\/figure>\n<figure class=\"spip-document spip-document-95945 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1495-2.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-95944 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1456.jpg\" alt=\"\" \/><\/figure>\n<figure class=\"spip-document spip-document-95943 aligncenter\"><img decoding=\"async\" src=\"https:\/\/en-images.igihe.com\/jpg\/zap_1460.jpg\" alt=\"\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>Energicotel PLC (ECTL) successfully listed its Series II corporate bond on the Rwanda Stock Exchange (RSE) on Friday, following a 145% subscription, highlighting strong investor confidence in the company and Rwanda\u2019s fixed-income market.<\/p>\n","protected":false},"author":131,"featured_media":2000095933,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62],"tags":[75],"byline":[192],"hashtag":[],"class_list":["post-55914","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 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