BK Capital Wins Euromoney Award for 2024 Best Securities House In Rwanda – KT PRESS
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BK Capital is proud to announce that it has been named the Best Securities House in Rwanda for 2024 by Euromoney. This prestigious award acknowledges BK Capital’s distinctive efficiency and management within the Rwandan monetary sector, particularly by way of its involvement in landmark offers and strategic innovation.
BK Capital’s work on essential transactions throughout the evaluation interval solidified its trade management. Notably, the agency co-led the Development Bank of Rwanda’s sustainability-linked bond (SLB) in late 2023. This bond, half of a bigger FRw150 billion ($113 million) sustainable finance program, marked the biggest listed company bond in Rwanda and the nation’s inaugural sustainable finance issuance. The first tranche of Frw 30 billion ($23 million) was oversubscribed by 103%, and the lately issued second tranche of Frw 33.5 billion ($25 million) was oversubscribed by 130% underscores robust market confidence. The SLB’s influence was additional amplified by a World Bank credit score enhancement by way of a lending operation to the Rwandan authorities. Furthermore, BK Capital was the lead arranger to the primary ever Green Bond in Rwanda. This novel 7-year bond was issued by Prime Energy and raised FRw 9.5 billion ($7 million)
In the final two years BK Capital additionally performed a pivotal position in personal transactions throughout funding teams and actual property sectors. These transactions have raised FRW 90 Billion ($72 million) by way of personal placement geared in the direction of exploiting new alternatives and strengthening market place. By facilitating entry to capital, BK Capital has supported the expansion of the Rwandan financial system.
Innovations in Technology and Service
BK Capital continues to innovate, advancing the consumer expertise with a brand new brokerage software program platform that simplifies purchase and promote transactions, enhances information reporting, and minimizes guide errors. Additionally, the agency has been testing a digital onboarding instrument for retail traders to streamline securities purchases, scale back paper use, and enhance buyer satisfaction.
Looking to the long run, BK Capital will proceed to faucet into the debt capital market given the attractiveness of the capital market and the steady rate of interest surroundings. We count on improved governance and relaxed regulatory necessities to drive SMEs to entry the capital markets versus conventional financing choices.
About BK Capital Ltd
BK Capital, included in Rwanda in 2012 as BK Securities Limited, is an funding banking subsidiary of BK Group, the biggest Financial Group in Rwanda.
BK Capital is the Country’s largest specialist stockbroker and likewise supply Investment Management, Administration and Advisory companies& Corporate Finance companies.
BK Capital is a member of The Rwanda Stock Exchange (RSE) and a participant of the Central Securities Depository of the National Bank of Rwanda (BNR).
