DRC Raises $26.4 Million in Treasury Bond Auction Amid Moderate Investor Demand
DR Congo Raises $26.4M in Treasury Bond Auction as Government Seeks $640M From Domestic Market in 2026
The government of the Democratic Republic of the Congo (DRC) raised $26.4 million on the domestic financial market during a Treasury bond auction held last week.
The information was disclosed in a press release published on March 11, 2026 by the country’s Ministry of Finance of the Democratic Republic of the Congo, which presented the results of the financing operation.
According to the official document, the amount raised corresponds to a coverage rate of 52.91%, compared with the government’s initial target of $50 million. In practical terms, just over half of the bonds offered by the Treasury were subscribed by investors on the local market.
Despite an annual interest rate of 9%, considered relatively attractive within the context of the domestic financial market, investor demand fell short of expectations. The outcome reflects moderate participation from market players in this particular issuance.
The operation forms part of the Congolese government’s broader strategy to mobilize domestic resources to finance the state budget.
For the first quarter of 2026, authorities aim to raise more than $640 million on the local financial market.
According to the issuance program, the government plans to mobilize $400 million through public securities denominated in foreign currency, primarily in U.S. dollars, in addition to 600 billion Congolese francs through securities issued in the national currency.
However, recent market trends show that government securities denominated in Congolese francs continue to attract relatively limited interest from investors.
By contrast, instruments issued in U.S. dollars tend to be more appealing, particularly in an environment marked by concerns over the stability of the national currency.
Regular issuances of Treasury Bills and Treasury Bonds remain a key component of the Congolese government’s financing strategy.
These instruments enable the state to raise funds on the domestic market while gradually supporting the development and deepening of the country’s local financial system.
