Extension work of Round about Nyabugogo road. The treasury bond to be issued soon will help finance major infrastructure
Individuals and institutions who have saved some money to invest should start warming up to grab this year’s first five-year treasury bond worth Rwf15 billion.
Rwanda Government through Central Bank will issue space for buying and investing in the bonds from 19th to 21st February 2018.
This is the first of the two treasury bonds that Rwanda plans to roll out this year with the next one coming up in May.
“Government plans to use all this money from the bond shares in implementing infrastructure projects which will spur the country’s development in the next seven-year- development agenda” according to Rwanda Capital Markets Authority (CMA).
Any other small-sized business with cash ready to invest will also be able to buy secondary bonds which will be ready for sale through brokers from August 21st to 23rd.
Last November government rolled out a Treasury Bond worth Rwf10 billion which went up for grabs on the local bourse with an oversubscription by over 140 percent.
Since 2008 government has tabled 23 treasury bonds ranging from two to seven years, worth over Rwf213.5millions (minus the Eurobond) and collected Rwf211.7million of which Rwf170 million remains unpaid.
RSE statistics show the Market capitalization stands at $3.3 billion or 40% of Rwanda’s Gross Domestic Product (GDP) and over Rwf500 billion exchanged hands through the market either in debt instruments or shares and at least 17000 investors have been solicited in the period since the establishment of RSE ten years ago.
In the meantime, the local bourse stock index and all shares index went down 1.32 and 0.19 points to close at 132.48 and 133.07 respectively.
The Bralirwa (BLR) counter had the hardest hit as the trading week started with their counter closing at a drop from Rwf145 compared to Rwf149 from last Friday.
BLR trading session recorded a total turnover of Rwf739, 500 from 5,100 shares traded in 1 deal.
