The government will issue another Rwf15 billion five-year bond later this month under its quarterly bond issuance programme.

This will be the fifth Treasury bond since the government started its quarterly issuance programme last year.

The bond market has been inactive for most of the year, a challenge government plans to solve by issuing and listing more treasury bonds.

Meanwhile, the bond market was quiet yesterday, stretching its inactivity to months.

According to the Rwanda Stock Exchange (RSE) daily market report, the bond market yesterday had offers of two million government bonds for the seven-year Treasury bond issued last year at Rwf106 each and a bid of the same number of bonds at Rwf99.5 each.

There was also an offer of two million bonds at Rwf104.5 each for the three-year Rwf 15 billion TB issued in March this year.

On the equities segment of the RSE, Crystal Telecom shares closed at Rwf129 each yesterday, unchanged from last Monday with 25,500 shares exchanging hands in six deals worth Rwf3.2 million yesterday.

Bralirwa shares weren’t traded yesterday, closing at Rwf309 each, lower than last Monday’s closing price of Rwf325 each.

Bank of Kigali’s share price went up by Rwf5 during the week, from Rwf280 last Monday to Rwf285 yesterday. However, this was a reduction from Friday’s closing price of Rwf290. The lender raked in Rwf28.5 million from 101,900 shares traded in four deals, the highest compared to other counters. This comes on the back of the firm’s half year profit announcement last week.

business@newtimes.co.rw