Fixed Income Analysis /
Rwanda

Rwanda’s new eurobond is a positive signal for debt management

  • New benchmark-size issuance expected this week, alongside tender of outstanding Rwanda 23s

  • Positive for debt management and may result in more liquid bond for those wanting Rwanda exposure

  • We estimate initial yield of 6% +/- 0.25%; will review our Buy recommendation after issuance amid rising debt burden

Rwanda’s new eurobond is a positive signal for debt management
Patrick Curran
Tellimer Research
28 July 2021
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