DR Congo Treasury raises $23 million out of $40 million
By the AFREEQUE newsroom, based on Zoom Eco
The Treasury of the Democratic Republic of the Congo raised $23 million in a foreign-currency bond auction, against $40 million sought, for a coverage rate of 57.5%. All three bidders were served at an interest rate of 8%, with maturity set for 20 October 2028, according to the Finance Ministry.
The Finance Ministry of the Democratic Republic of the Congo raised $23 million in the auction of foreign-currency Treasury bonds held on 20 October 2026, representing 57.5% of the $40 million sought, Zoom Eco reports. The gap between the mobilisation target and the bids received was $17 million.
Three bidders took part in the operation and all were served, for a cumulative amount of $23 million corresponding to all the bids received, according to the results published by the ministry. The securities carry an interest rate of 8% and mature on 20 October 2028.
The maximum price offered, the minimum price offered, the accepted cut-off price and the weighted average price were all set at 98% of the nominal value. The entire amount awarded was allocated at this accepted cut-off price.
