Rwanda sold a three-year Treasury bond worth 15 billion francs ($20.25 million) at a rate of 11.80 percent, the central bank said late on Wednesday.
Government raises 15 billion francs with Treasury bond
Proceeds of the bond, which attained a subscription rate of 176.39 percent, will be used to fund various infrastructure projects.
The East African nation also uses the issuance as a way of developing its capital markers. The bond will be listed for trading on the stock exchange, the central bank said.
It added that next issue will be in February next year when it will offer a 5 year Treasury bond.
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