BNR issues 50 billion Rwf government bonds

The National Bank of Rwanda (BNR) has issued long-term government bonds worth 50 billion Rwandan francs, with a maturity period of 15 years.

The primary market opens on Monday, December 15, and will run until December 17, 2025.

For large investors, the maximum amount per bidder is capped at 50 million Rwf, while the minimum investment starts at 100,000 Rwf.

Interest earned on these bonds is taxed at 5 percent for both Rwandans and foreign investors who hold an investment account registered with BNR.

These bonds are issued by the government as a means of borrowing funds to help finance the national budget.

Investors interested in purchasing government bonds can do so through their commercial banks or licensed brokers operating on the Rwanda Stock Exchange (RSE). 

By buying these bonds, investors effectively lend money to the government, which in turn pays interest until the bonds reach maturity.