The Government of Rwanda, through the Central Bank of Rwanda (BNR), has re-marketed bonds with a value of 20 billion Frw, which will last for seven years.
Participation in the purchase of these bonds began on October 21 and will end on October 23, 2024.
Debts are the way governments use to get money to be used for the development of the country.
Due to the need for funds, the government determines the value of the bonds that are placed on the market and are considered as growth opportunities for people with money who want to save for the long term.
When a person buys debt securities, he is lending to the government and will receive interest and will be returned the money he paid to buy these securities at the end of the specified period.
The government of Rwanda started a program to raise funds through debt securities in 2008.
In Rwanda, the most common buyers of debt securities are financial institutions, insurance companies and individuals, who also began to participate in this market, especially after a strong campaign was made to explain its importance, which began in 2014.
The government of Rwanda has also put a lot of effort into providing opportunities to those who have debt securities because they can use them as collateral in banks, and they will receive loans that promote them.