DRC Govt Launches $70 Million Treasury Bond Auction to Strengthen Financial Resources
The Government of the Democratic Republic of Congo (DRC) has announced the opening of a $70 million Treasury Bond auction on January 7, 2025, as part of its efforts to bolster national finances amidst ongoing challenges. This was confirmed in a press release from the Ministry of Finance on January 6, 2025.
The bond issuance aims to enhance the state’s financial stability at the beginning of the year and is critical to addressing the country’s persistent economic difficulties. For this initial offering, the interest rate remains at 9%, the same as the previous year.
The bonds will mature in 18 months, with semi-annual repayments in US dollars. This initiative is part of a broader strategy to mobilize funds for various infrastructure and development projects across the country.
Treasury bonds play a pivotal role in stabilizing the economy and attracting investors. The DRC government also plans to raise an additional $400 million during the first quarter of 2025, underscoring the growing significance of these financial instruments in the local market.
The high level of investor interest reflects confidence in the country’s financial management. Authorities are encouraging banks and investors to actively participate in the auction to ensure stable financing for national projects.
This initiative is also expected to inspire other countries to explore investment opportunities in the DRC, enhancing liquidity in the financial market.
Throughout the year, the Congolese government aims to mobilize an estimated 926.4 billion Congolese Francs (CDF) through Treasury Bonds denominated in the local currency on the domestic financial market.
