The Ministry of Finance will launch today an auction of treasury bills valued at 20,000,000,000 (twenty billion) FC, or 10,000,000 (ten million) USD.

In a statement issued by the ministry, the operation has a maturity of 3 (three) months and the subscription will be done on the same day before 11:00 am, Kinshasa time, at the Central Bank of Congo (BCC) or via internet platforms. The announcement of the results is set on the same Tuesday before 15:00, while the payment of subscriptions is scheduled for Thursday, July 8. The treasury bond is a debt security issued by the state and redeemable at maturity. In the Democratic Republic of Congo (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.