The State of the Democratic Republic of the Congo (DRC) raised 15 billion Congolese francs (CDF), or 7.5 million USD, on the local financial market following a treasury bond auction. August 3, 2021.
Taking into account the 15 billion CDF, this is a percentage awarded at the accepted limit rate of 100% against a coverage rate of the amount put out to tender of 113.33%, notes a press release from the Ministry of Finance which specifies that two bidders served have been identified. Indeed, the operation recorded a total amount of bids of 17 billion CDF (equivalent to 8.5 million USD), and offers a weighted average rate of 6.1667%. The maximum rate proposed is 7% and the minimum rate proposed is 6%.
Note that for the month of August 2021, Kinshasa plans to raise a total of CDF 60 billion (USD 30 million) on the local financial market. In July, the Congolese government was only able to raise USD 13.8 million out of the target 20 million, for an achievement rate of 69%.
