INNOVATIVE FINANCE AND IPO (RWANDA)

Initial Public Offering for the Leading Brewery and Soft Drink Producer: For Bralirwa, the largest brewer and soft drink company in Rwanda, created a promissory note structure to mitigate custodial risk and facilitate foreign investor access. Sold 60% of the international allocation, which was 5x oversubscribed.  Bralirwa, majority owned by Heineken, has won numerous awards for community engagement and work with SMEs. Bralirwa was the first company listed on the Rwanda Stock Exchange.