January 4, Rwanda OTC market report

Following the launch of the Rwanda Over-The-Counter (OTC) market last Thursday 31st January 2008 at Hotel Serena, trading operations resumed yesterday at 9:00 a.m. at the Capital Market Advisory Council trading floor in Ecobank building.

Following the launch of the Rwanda Over-The-Counter (OTC) market last Thursday 31st January 2008 at Hotel Serena, trading operations resumed yesterday at 9:00 a.m. at the Capital Market Advisory Council trading floor in Ecobank building.

The two listed debt securities are the 2 year Government Treasury bonds that will mature in 2010, with periodic interest of 8% per annum and Rwanda Commercial Bank (BCR) corporate bonds. 

A total of Frw200,000 (Two hundred thousand Rwandan francs) worth of Treasury bonds were transacted in two deals at prices between Frw102.00 and Frw102.95 assuming a yield to maturity of 6.912%.  At the close of business, Treasury bonds worth Frw39.8 million were on offer but no buyers for the Treasury Bonds.

The 10-year BCR bond that will mature in 2017 with periodic interest of 9% per annum was not traded yesterday.
Ends

 

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