Rwanda Bonds Slip as Rebel Group Claims to Seize Congolese City
- DRC minister tells UN Goma seizure is ‘declaration of war’
- Rwanda bonds the worst EM performers on external funding risk
This article is for subscribers only.
Rwanda’s dollar bonds fell Monday after a rebel group aligned with the country said it had seized a key trading hub in the Democratic Republic of Congo, raising the possibility of a full-blown war between the two Central African nations.
The price of Rwanda’s 2031 issue tumbled more than a cent for its worst day since March 2023, to trade around 84.3 cents on the dollar, after Congolese Foreign Minister Therese Kayikwamba Wagner told the UN Security Council Rwandan troops were crossing the border near Goma and her country considered Kigali’s support for the M23 advance a “declaration of war.”