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I&M Bank Rwanda Plc Rights Issue

- November 1, 2020 - 0 comments

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We are very proud to have been involved as Lead Sponsoring Stock brokers (Faida Securities Rwanda) and Joint Lead Transaction Advisors with I&M Burbidge Capital for the I&M Bank Rwanda Plc Rights Issue. Despite the challenging environment the capital raise was successful with an oversubscription of 112%!

Congratulations to the entire transaction team and I&M Bank Rwanda Plc for the hard work put in to ensure a timely and successful capital raise.

The performance of this rights issue has been reassuring in a difficult year, and goes to show the increasing growth of the Rwandan Capital Markets and the confidence shareholders have in the future growth prospects of I&M Bank Rwanda and the Rwandan economy.

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