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Financial market: Congo received 14.5 billion FC

05/03/2021
Categories: Economy/Forex

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The Treasury Bonds auctioned last Tuesday bring the Congolese State a sum of 14.5 billion FC. In total, the government intends to launch issues of 3 (three) month treasury bonds for a value of 60,000,000,000 (sixty billion) FC in March 2021.

The government collected FC 14.5 billion from treasury bonds auctioned. According to the press release from the Ministry of Finance, the indicative timetable for the issuance of treasury bonds for the first quarter of 2021 (from January to March) indicates that the government will borrow on the domestic financial market 180,000,000,000 (one hundred and eighty billion) FC .

The results of the batch of 3 (three) months of expiry indicate that the 14,500,000,000 (fourteen billion five hundred million) FC were raised with 2 (two) bidders served, i.e. a coverage rate of the amount put up for auction of 72 .80% at the accepted limit rate of 28%, and a weighted average rate of 26.41% and the percentage awarded at the accepted limit rate of 100%.

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