{"id":122176,"date":"2026-04-17T15:31:15","date_gmt":"2026-04-17T15:31:15","guid":{"rendered":"https:\/\/www.africa-press.net\/rwanda\/all-news\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2"},"modified":"2026-04-17T15:40:12","modified_gmt":"2026-04-17T15:40:12","slug":"brds-third-sustainability-linked-bond-oversubscribed-at-126-2","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2","title":{"rendered":"BRD\u2019s third sustainability-linked bond oversubscribed at 126.2%"},"content":{"rendered":"<p><span style=\"color: #ff6600\"><strong>Africa-Press &#8211; Rwanda. <\/strong><\/span>The Development Bank of Rwanda (BRD Plc.) has successfully issued its third Sustainability-Linked Bond (SLB) under the Rwf150 billion medium term note programme approved by the Capital Market Authority in 2023.<\/p>\n<p>This third issuance attracted subscriptions worth Rwf29.05 billion from a wide range of investors against an initial target of Rwf23 billion. BRD exercised the over allotment option to increase the issuance amount and absorb the full applied amount.<\/p>\n<p>This milestone reflects robust investor confidence in BRD\u2019s vision and its proven ability to channel capital into transformative sectors critical to Rwanda\u2019s socio-economic development. Proceeds from the capital raised will be deployed across key sectors including affordable housing and women-led business financing.<\/p>\n<p>The success of the third SLB issuance was driven by a targeted outreach campaign, proactive investor engagement, and an innovative digital subscription platform that streamlined the application process. Notably, retail participation spanned both domestic and international investors, including Rwandans from Kigali and across various districts, as well as diaspora investors from the United States, Luxembourg, Denmark, Kenya, and Israel.<\/p>\n<p>The bond also received strong backing from institutional investors, including pension funds, commercial banks, insurance companies, unit trusts, and asset managers, further demonstrating broad-based market confidence.<\/p>\n<p>Stella Rusine Nteziryayo, CEO of BRD, expressed the bank&#8217;s deep appreciation, stating: &#8220;Having the third SLB oversubscribed, at 126.2% is a sign of confidence from investors in BRD\u2019s ability to drive Rwanda\u2019s development goals while developing the local capital market simultaneously. We do not take this trust for granted and are committed to ensuring the development goals of this SLB are delivered&#8221;.<\/p>\n<p>The third SLB will be listed and traded on the Rwanda Stock Exchange starting Monday, April 27, 2026, offering an opportunity for investors who may have missed the primary offer to participate through the secondary market via the licensed brokers.<\/p>\n<p>&#8212;&#8212;-<\/p>\n<p>About BRD<\/p>\n<p>Established in 1967, the Development Bank of Rwanda (BRD) is the country\u2019s sole national development bank. BRD supports sustainable development by offering affordable, long-term, and tailored finance. Over the past 59 years, BRD has financed projects in key sectors such as infrastructure, agriculture, affordable housing, education, green finance, exports, and manufacturing.<\/p>\n<p>These investments are critical for achieving Rwanda\u2019s national development agenda, aligned with the Second National Strategy for Transformation (NST2), Vision 2050, and the Sustainable Development Goals (SDGs).<\/p>\n<p>BRD has a \u201cAAA\u201d long term domestic credit rating with a stable outlook by Global Credit Rating Co. (GCR), reflecting BRD\u2019s financial stability, strong support from shareholders and pivotal role in advancing Rwanda\u2019s development.<\/p>\n<p><strong>For More News And Analysis About <span style=\"color: #ff6600\">Rwanda<\/span> Follow <span style=\"color: #ff6600\">Africa-Press<\/span><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Africa-Press &#8211; Rwanda. The Development Bank of Rwanda (BRD Plc.) has successfully issued its third Sustainability-Linked Bond (SLB) under the Rwf150 billion medium term note programme approved by the Capital Market Authority in 2023. This third issuance attracted subscriptions worth Rwf29.05 billion from a wide range of investors against an initial target of Rwf23 billion. [&hellip;]<\/p>\n","protected":false},"author":84,"featured_media":122175,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,15],"tags":[758],"class_list":["post-122176","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-rwanda"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.1 (Yoast SEO v27.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>BRD\u2019s third sustainability-linked bond oversubscribed at 126.2% - Rwanda<\/title>\n<meta name=\"description\" content=\"The Development Bank of Rwanda (BRD Plc.) has successfully issued its third Sustainability-Linked Bond (SLB) under the R ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"BRD\u2019s third sustainability-linked bond oversubscribed at 126.2%\" \/>\n<meta property=\"og:description\" content=\"The Development Bank of Rwanda (BRD Plc.) has successfully issued its third Sustainability-Linked Bond (SLB) under the R ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2\" \/>\n<meta property=\"og:site_name\" content=\"Rwanda\" \/>\n<meta property=\"article:published_time\" content=\"2026-04-17T15:31:15+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-04-17T15:40:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2026\/04\/sm_1776427788.680408.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1000\" \/>\n\t<meta property=\"og:image:height\" content=\"666\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"BRD\u2019s third sustainability-linked bond oversubscribed at 126.2%\",\"datePublished\":\"2026-04-17T15:31:15+00:00\",\"dateModified\":\"2026-04-17T15:40:12+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2\"},\"wordCount\":434,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/rwanda\/sites\/23\/2026\/04\/sm_1776427788.680408.jpg\",\"keywords\":[\"Rwanda\"],\"articleSection\":[\"all news\",\"Economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2\",\"url\":\"https:\/\/www.africa-press.net\/rwanda\/economy\/brds-third-sustainability-linked-bond-oversubscribed-at-126-2\",\"name\":\"BRD\u2019s third sustainability-linked bond oversubscribed at 126.2% - 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