Rwanda Debut $400 Million Eurobond Yields at Bottom of Range
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Rwanda raised $400 million in its debut dollar bond at the lowest end of yield guidance given to investors, according to a person with knowledge of the deal.
The 10-year Eurobond offering was priced to yield 6.875 percent, or 498.7 basis points more than the mid-swap rate, said the person, who asked not to be identified because the information isn’t public. Final guidance had ranged up to 7 percent, according to the person.