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CEMAC: The treasury bonds auctioned on Tuesday yield 35.07 billion FC in Congo

04/03/2022
Categories: Index/Markets

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The Democratic Republic of Congo (DRC) issued treasury bonds which enabled it to cash Tuesday 35,070,000,000 (thirty-five billion sixty million) Fc or 17.53 million Usd.

                               

According to the press release, the results of the three-month batch brought in 35,070,000,000 (thirty-five billion seventy million) Fc, with two bidders served, i.e. a coverage rate of the amount put up for auction of 62.07 %, at the accepted limit rate of 4.75% and a weighted average rate of 4.328% and the percentage awarded at the accepted limit rate of 100%. The same source points out that the government, through the Ministry of Finance, plans to raise 430,000,000,000 (four hundred and thirty billion) Fc, an amount estimated at 215 (two hundred and fifteen million) Usd on the local bond issuance market. indexed treasury bonds and indexed treasury bonds for the period from February to March 2022.

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