in Short

Rwanda : the country raises over $600 million in fresh international bond sale

Rwanda has raised $620 million in its second-ever Eurobond. According to officials from the Ministry of Finance, the bond has an interest rate of 5.5 per cent with a 10-year maturity.

The proceeds of the bond according to the Finance Ministry will be used partly to refinance Rwanda’s existing Eurobond which is due in May 2023 to maintain the country’s debt management strategy.

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