Kinshasa, November 20, 2020 (ACP) .- The Ministry of Finance announced next Tuesday, in a statement received at the ACP on Friday, the launch of an auction of treasury bills in the amount of 25 billion CF.

These treasury bills, with a maturity of three months, must be subscribed to the Central Bank of Congo or through internet platforms. The announcement of the results is scheduled for the same Tuesday before 15:00 while the payment of subscriptions is scheduled for Thursday, November 26, according to the same

For the fourth quarter of 2020, the government aims to mobilize 220 billion francs (110 million USD) including 80 billion francs for the month of November 2020. A treasury bond is a debt instrument issued by the State and repayable at maturity. In the DRC, it is the government that issues these debt securities through the Public Treasury. When an economic operator or an individual buys a treasury bond, he lends money to the State and becomes, in a way, its creditor. Guaranteed 100% by the government that issues it, the treasury bill is one of the safest investments on the money market.