Ethiopian Business Review

Rwanda May Sell Dollar Bond Next Year with Region-Beating Growth

Rwanda may sell its second Eurobond as early as next year and is planning to offer longer-dated local debt as the East African nation’s economy is set to grow faster than the regional average. Rwanda is transforming its debt market with more sales of local securities after the debut USD400 million international bonds last year. The Eurobond, due May 2023, returned 11Pct this year, compared with the 9.5Pct average among 57 emerging markets tracked by Bloomberg indexes.

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