Govt issues Rwf15b 5-year TB tomorrow

The Rwanda Stock Exchange (RSE) will tomorrow get a shot in the arm, courtesy of five-year Rwf15 billion Treasury bond scheduled to be issued by the National Bank of Rwanda today.

The Rwanda Stock Exchange (RSE) will tomorrow get a shot in the arm, courtesy of five-year Rwf15 billion Treasury bond scheduled to be issued by the National Bank of Rwanda today.

This is part of the government’s quarterly bond issuance programe aimed at raising money to fund infrastructure projects, and promote the local bourse as alternative source of development capital in the country.

Meanwhile, Crystal Telecom was the only active counter at the RSE yesterday, with all the other counters on the equities and debt markets recording no transactions.

According to yesterday’s market report, Crystal Telecom traded 19,000 shares in four deals, worth Rwf2.4 million. The counter closed at Rwf126. The share price was, however, a Rwf3 decline from Rwf129 recorded last Tuesday. The stock market was not open last Monday as it was a public holiday to mark the Assumption Day.

Bank of Kigali’s share price dropped to Rwf285, yesterday, from Rwf290 last Tuesday, while Bralirwa remained unchanged, at Rwf292. The decline in Bank of Kigali and Crystal Telecom’s share prices led to a 4.13 points drop in the RSE Share Index to 193.32 points, yesterday, from 197.45 points last Tuesday.

 

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