February 14, 2017 / 7:38 AM / 6 months ago

Rwanda sets the price of I&M Bank shares IPO at 90 francs

NAIROBI, Feb 14 (Reuters) - Rwanda set the price of its initial public offering of shares in I&M Bank Rwanda Ltd at 90 francs ($0.1085) each, the finance ministry said on Tuesday.

The government is selling 99,030,400 shares representing 19.81 percent stake in the lender. ($1 = 829.4300 Rwandan francs) (Reporting by Clement Uwiringiyimana; Editing by Duncan Miriri)

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