The Rwanda Capital Markets Authority published an update on Mahwi Grain Millers Plc’s listing of the second tranche of its corporate bond on the Rwanda Stock Exchange, covering a RWF 2 billion issuance under a RWF 5 billion, five-year note programme. The authority noted that the offer was oversubscribed by a diverse mix of investors. At the listing, Chief Executive Officer Thapelo Tsheole framed the transaction as evidence of the evolution of Rwanda’s capital market, citing increased diversity of fixed-income instruments and broader collaboration among issuers, intermediaries and investors. Rwanda Stock Exchange Chief Executive Officer Pierre Celestin Rwabukumba highlighted the exchange’s role as a platform for capital raising, while Mahwi Chairperson Chantal Habiyakare pointed to the firm’s two-tranche structure as a confidence-building approach and linked the second-tranche listing to growth since the first tranche; the update also noted that the issuance expands investable options for savers and provides Mahwi with long-term financing for operations and the wider agribusiness value chain.
Rwanda Capital Markets Authority 2025-10-10
Rwanda Capital Markets Authority CEO commends oversubscribed Mahwi Grain Millers RWF 2 billion bond tranche listing on Rwanda Stock Exchange
The Rwanda Capital Markets Authority announced the listing of Mahwi Grain Millers Plc’s second tranche of a corporate bond on the Rwanda Stock Exchange, with a RWF 2 billion issuance under a RWF 5 billion, five-year note programme. The offer was oversubscribed, reflecting increased diversity in Rwanda’s capital market. The issuance aims to expand investable options and provide Mahwi with long-term financing.