NAIROBI Feb 6 Rwanda will sell a five-year
Treasury bond worth 10 billion francs ($12 million) this month
to fund infrastructure projects, the central bank said on its
website on Monday.
Bids for the bond, whose coupon will be determined by the
market, will be received from Feb. 22 to Feb. 24.
Rwanda has been issuing bonds as part of a plan to develop
its tiny capital market and fund infrastructure projects.
The country wants to reduce its dependence on aid to finance
its national budget.
The bank said the bond will be listed on the Rwandan stock
market on Feb. 28 for secondary trade.
($1 = 827.1800 Rwandan francs)
(Reporting by Clement Uwiringiyimana; Editing by Edmund