At a listing ceremony, the Rwanda Capital Markets Authority said the Development Bank of Rwanda's third sustainability-linked bond has listed on the Rwanda Stock Exchange, with Chief Executive Officer Romeo Ngarambe describing the transaction as evidence of growing investor confidence and of the market's ability to mobilize long-term finance for national development projects. The listing followed a primary market phase that closed on 2 April 2026 and was 126.2% subscribed. The issuance forms part of BRD Plc's FRW 150 billion Medium-Term Note Programme and raised more than FRW 29 billion against an initial target of FRW 23 billion. Remarks at the ceremony from the Ministry of Finance and Economic Planning, BRD and the Rwanda Stock Exchange framed the bond as a tool to channel capital toward projects with measurable sustainability outcomes and broader inclusive development.
Rwanda Capital Markets Authority2026-04-29
Rwanda Capital Markets Authority says BRD sustainability linked bond listing reflects investor confidence after 126.2% subscription
The Rwanda Capital Markets Authority said at a listing ceremony that BRD Plc's third sustainability-linked bond has listed on the Rwanda Stock Exchange, following a primary offer that was 126.2% subscribed. The issuance raised more than FRW 29 billion against a FRW 23 billion target under BRD's FRW 150 billion Medium-Term Note Programme.