DRC plans $350 million and 150 billion francs in fourth-quarter borrowing
By the AFREEQUE newsroom, based on Desk Eco
The government of the Democratic Republic of the Congo plans to raise $350 million and 150 billion Congolese francs in the fourth quarter of 2026 through Treasury security issues. The Central Bank of Congo says investors favour dollar-denominated bonds, according to its economic situation report.
The government of the Democratic Republic of the Congo plans to raise $350 million and 150 billion Congolese francs in the fourth quarter of 2026 through the issuance of Treasury bills and bonds, to finance the state’s projected deficit, according to the schedule of Treasury security issuances published by the Congolese authorities.
Since the beginning of the year, auctions on the domestic market have raised $1,518.3 million in foreign-currency-denominated securities, or 92% of the annual forecast. Issues in the national currency reached 357 billion Congolese francs, or 22.3% of the target, according to the economic situation report by the Central Bank of Congo (BCC). These differences illustrate investors’ preference for dollar-denominated securities.
At the 13 October auction, the Congolese Treasury sought $60 million through two-year bonds paying 8% a year. Subscriptions reached $76.8 million, all of which was accepted, representing a coverage rate of 128%. As at 14 October, the total outstanding amount of Treasury bills and bonds stood at 7,094.9 billion Congolese francs, down by 397.2 billion, or 5.3%, in one week. Dollar-denominated securities accounted for about 82% of this outstanding amount, according to the BCC.
This schedule follows the raising of $23 million out of the $40 million sought by the Congolese Treasury, announced on 24 October 2026. It also comes during a month marked by the approval, on 11 October, of catastrophe financing of up to $500 million for the DRC.
