The Ministry of Finance announced in a press release that the Treasury has received 120 billion Congolese francs from Treasury bills placed on the financial market on Tuesday, January 2, 2023, by the government of the Democratic Republic of Congo.

The press release mentions that “the results of the one-year and 6-month batch with five bidders served brought 120,000,000,000 FC either (60 million dollars) to the Treasury, or a coverage rate of the amount put in adjudication of 90%, at the accepted limit rate of 98.50% and a weighted average rate of 99.94% and the percentage awarded at the accepted limit rate of 100%.”

Indeed, a bond is a bond issued by the State and repayable at maturity. In the DRC, the government issues debt securities through the Public Treasury. Thus, the economic operator or an individual who buys a Treasury Bill, lends money to the State and becomes its creditor in a way. Treasury bills are one of the safest investments on the money market and are 100% guaranteed by the government that issues them.