Rwf15b govt bond starts trading on the bourse today

Blockers trade at Rwanda stock market on May 8. (Timothy Kisambira)

By: Ben Gasore
The Rwf15 billion three-year Treasury bond, which was issued by the central bank last week, will start trading at the bourse today.
The bond, issued under the government’s quarterly Treasury bond issuance programme, was oversubscribed by 106 per cent last week and fetched a coupon rate of 11.55 per cent.

There are five government bonds and two corporate bonds trading at the Rwanda Stock Exchange. Three of the government bonds were issued last year.
The corporate bonds are Rwf15 billion International Finance Corporation bond issued in May last year and a Rwf10 billion I&M Bank bond issued in 2010.
The latest Treasury bond is expected to start trading from Rwf99.627 per bond, a similar price range as the three previous TBs that started trading at Rwf102, Rwf105 and Rwf99.87, respectively.
Meanwhile, on the equities segment, 939,700 shares worth Rwf308.1 million were traded over the past week.
The bourse recorded the highest turnover on Tuesday and Wednesday of the past week, where 516,200 and 360,600 shares, respectively were traded in a total of 14 deals worth a combined Rwf289.7 million turnover.
Yesterday, Bank of Kigali was the only active counter and closed at Rwf296, unchanged compared to last Monday. The bank sold 50,500 shares worth Rwf14.7 million.
All the other counters were quiet, and the RSE Share Index (RSI) and All Share Index were unchanged compared to the previous session to close at 234.63 and 137.33 points, respectively.