RWANDA still planned to launch another Eurobond to fund infrastructure projects in the fast-growing economy, though the size and timing of it was still being worked out, Finance Minister Claver Gatete said on Monday.
The landlocked nation of 11 million people has been attracting a steady stream of investors and firms drawn by a small but growing market, and its debut $400 million (R4.4 billion) Eurobond last year was heavily oversubscribed.
“We want to get back to the market, but we are still working on the proper projects, which ones are they, what will be the size, when will be the payment,” Gatete said on the sidelines of a conference in London.
He also said he was confident the economy would grow this year by at least the 6 percent the government had predicted in its budget. “That is the minimum, we will not be below that.”
Rwanda will also continue its quarterly issuance of local bonds in 2015 to deepen its capital markets, though not at the expense of firms and other institutions. – Reuters