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Congo: The auctioned treasury bonds yield 3.59 billion FC

22/07/2021
Categories: Index/Markets

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The government of the Democratic Republic of Congo (DRC) received on Tuesday an amount of 3.59 billion FC, from treasury bonds put up for auction.

According to the press release from the Ministry of Finance, the results of the batch of 3 (three months) due date had 1 (one) bidder served, i.e. a coverage rate of the amount put up for auction of 44.36%, at the accepted limit rate. of 6.5%, a weighted average rate of 6.49% and the percentage awarded at the accepted limit rate of 100%. A treasury bond is a debt security issued by the State and repayable at maturity. In the Democratic Republic of Congo (DRC), it is the government that issues these debt instruments through the channel of the public treasury. 100% guaranteed by the government that issues it, treasury bonds are one of the safest investments on the money market.

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