BY JOHN GAHAMANYI of The New Times"Commercial Bank of Rwanda (BCR) has issued a five year corporate bond. The bank has collected over Frw2.7b from the bond this month. David Kuwana, BCR’s managing director, said the bond which carries a nine per cent interest rate—paid every six months—attracted investment from several insurance companies.
BCR is the first private company to issue a financial product on the Rwandan stock exchange. The stock exchange will be officially launched on January 31."
The complete article can be found at "Commercial Bank issues first bond"
Category: Rwanda + Investment + Banking
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