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AMS Plc Issues Rwf 5 Billion Corporate Bond on Rwanda Stock Exchange
Africa Medical Supplier Plc (AMS) has made history as the first company in Rwanda’s healthcare sector to issue a corporate bond on the Rwanda Stock Exchange (RSE). The issuance, worth Rwf 5 billion, was fully subscribed, carries a 5-year tenor, and offers an annual coupon of 13.25%.
The proceeds will be used for debt refinancing and business expansion.
RSE Chief Executive Officer, Pierre Célestin Rwabukumba, highlighted the significance of the milestone, noting that AMS is the first healthcare company to graduate from the Capital Market Investment Clinic and secure funding through the exchange.
"AMS Plc listing is particularly significant as it becomes the first company in the healthcare sector to graduate from the Capital Market Investment Clinic (IC); raise money and be profiled on the RSE special board. This serves as a good example for other SMEs and corporates on what’s possible in our Capital Market today, " he highlighted.
Capital Market Authority CEO, Thapelo Tsheole, emphasized that raising funds via capital markets not only secures financing but also strengthens a company’s profile, visibility, and credibility.
"When a company chooses to raise capital through the capital market, it is not only securing funds; it is also elevating its profile and enhancing its credibility. The capital market offers visibility and instils confidence, both of which contribute to strengthening the company,” he stated.
AMS CEO, Fabrice Shema Ngoga, described the listing as the beginning of a new chapter defined by innovation and trust, and a call to action for stakeholders to work together for lasting impact in Rwanda and the region.
Africa Medical Supplier Plc (AMS), established in 2008, specializes in the distribution of medical supplies. Its product range includes medical equipment, hospital furniture, rapid diagnostic tests, medical consumables, and pharmaceuticals. AMS supplies health institutions, private pharmacies, NGOs, and international agencies. The company seeks to make a positive impact on healthcare in Rwanda, the Democratic Republic of Congo, and the broader East Africa region.
