November 23, 2018 / 9:54 AM / 22 days ago

Bank of Kigali's $67.5 mln cash call gets 108 pct subscription rate

KIGALI, Nov 23 (Reuters) - Rwanda’s Bank of Kigali said on Friday its 60 billion francs ($67.50 million) rights issue was 108 percent subscribed.

The lender, which is Rwanda’s biggest by assets, offered one new share for every three held, issuing a total of 222.22 million shares, which will be listed domestically and on the Nairobi bourse.

$1 = 888.8939 Rwandan francs Reporting by Clement Uwingiriyimana; Writing by Duncan Miriri; Editing by Mark Potter

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