Rwanda plans debut in the international bond market

Mar 11, 2013, 10:31 AM EDT
Rwanda plans debut in the international bond

Low borrowing costs in international debt markets has motivated Rwanda's president Paul Kagame to go ahead with a debut eurobond issue. The country will sell 350 million euros ($458 million) in debt before the end of the budget year as he seeks to overcome “constraints” in an economy that doubled to about $6.4 billion in the nine years through 2010, reports Bloomberg. In an interview with Businessweek, President Kagame said that "Rwanda is ready and welcomes international investments." "Growth for this year is expected to not be less than 8%," he added.

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