Gov’t should maximize on bond confidence

When Rwanda ventured into the international bond market for the first time in 2013, it must have been taken aback with its issue was gobbled up by hungry bidders. It just wanted $400 Million to fund a few infrastructure projects but it was overwhelmed with $3 Billion. It politely declined the offer; maybe it was still dazed by the show of confidence by the international business community. Now it has decided to capitalize on the vote of confidence and announced that it was considering putting another bond on the market; this time it seeks to take it a notch higher and raise $ One Billion and it will not come as a surprise if it is offered ten times the amount.