The government of DR Congo will launch an auction of Treasury Bonds, Tuesday October 27, 2020, for a value of 15 billion FC (7.5 million USD).
“Candidates for these three-month titles have until Tuesday before 11:00 am to submit their bids. From now on, Treasury Bonds are open to all financial institutions as well as to interested persons, ”announced a statement from the Ministry of Finance.
A Treasury Bond is a debt instrument issued by the Congolese State and repayable at maturity. The government issues these debt securities through the 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 issuing government, the Treasury Bond is one of the safest investments in the money market. The weakness of revenue mobilization prompted the government to launch Treasury Bonds in October 2019 to diversify its sources of financing in order to cope with its still high public spending.