The purchase of the treasury bonds began on October 21 and will close on October 23, 2024.
Treasury bonds are a means used by the government to raise funds for national development activities.
Depending on the required funds, the government determines the value of the treasury bonds issued, which are also seen as investment opportunities for individuals looking to save for the long term.
When a person purchases treasury bonds, they are effectively lending money to the government, receiving interest. They will be reimbursed the amount they spent to buy the bonds when the maturity period ends.
The Rwandan government started the program to raise resources through treasury bonds in 2008.
In Rwanda, the main buyers of treasury bonds include financial institutions, insurance companies, and individual investors, who have increasingly participated in this market, especially after a major awareness campaign explaining their benefits that started in 2014.
The Rwandan government has also put significant effort into providing opportunities for treasury bondholders, as they can use them as collateral in banks to obtain loans that promote their development.
IGIHE
Source : https://en.igihe.com/economy/article/rwanda-issues-treasury-bonds-worth-frw-20-billion
