The Government of Rwanda today launched a 3-year treasury bond worth $18.3 million (Rwf 12.5 billion) targeting local and regional investors. The bond aims at boosting the capital markets.

According to a statement from the Ministry of Finance, the bond is risk-free, liquid, can be used as collateral and has a good return. There is also a tax incentive attached to the bond, with a withholding tax on interest reduced from 15% to 5% for the East African Community.

The ministry announced that regional investors expressed interest to participate in the local market following the success of Rwanda's sovereign bond last year.

​For local individuals and institutional investors, the ministry says that they are encouraged to invest in the treasury bond as well.​