IFC bond listed on Rwanda Stock Exchange

IFC bond listed on Rwanda Stock Exchange

Today was the official listing of the five year IFC bond on the Rwanda Stock Exchange (RSE). The bond was issued in May, 2014 in Kigali, Rwanda. The bond raised 15 billion Rwandan francs (about$22 million) from local and international investors, signaling confidence in the outlook for Rwanda’s currency and economy.

IFC is a member of the World Bank Group. A total of Rwf 11,600,000 (Eleven million and six hundred thousand Rwandan francs) worth of IFC bond was transacted in one deal today at 101.

At the close of business, there was an IFC Bond bid worth Rwf 200 million at 101 and there were no offers.

In the meantime, the RSE share index (RSI) remained unchanged compared to the previous trading session of 263.67.

The total turnover for the day was Rwf 32, 291,100 from 1,200 BoK shares and 70,200 Bralirwa shares traded in five deals compared to the previous trading session which recorded a total turnover of Rwf 15, 855,400 from 16,000 BoK shares and 24,700 Bralirwa shares traded in five deals.

Bralirwa shares traded between Rwf 454-455 and closed at Rwf 455, unchanged from yesterday’s closing price whereas BoK counter traded and closed at Rwf 293, unchanged from yesterday’s closing price.

On the other hand KCB, NMG, and Uchumi Supermarket’s shares last transacted at Rwf 185, Rwf 1200 and Rwf 175 respectively.

At the end of formal trading hours, there were outstanding offers of 128,700 BoK shares between Rwf 293-315 and no outstanding bids.

On Bralirwa counter, there were outstanding bids of 62,800 shares between Rwf 445-455 and no outstanding offers.

 

About the author

Olive Ndaka is the Junior Editor for RwandaEye. An investor and young entrepreneur, she is a quick learner and has contributed many articles for RwandaEye in Kinyarwanda.

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