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Strengthening the Congolese economy: Rawbank launches its 2nd issue of negotiable debt instruments

15/01/2025
Source : ORISHAS FINANCE
Categories: Index/Markets

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RawBank announced the launch of its second issue of negotiable debt securities (commercial paper). Worth 10 million USD, this issue is intended for a local mining operator in the Katanga region

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This operation confirms Rawbank's role as a key player in financial innovation in the DRC, while meeting the strategic financing needs of companies operating in essential sectors of the national economy. Rawbank is the leading bank in the Democratic Republic of Congo. After the success of its first show in 2022, a major innovation has been integrated for the new show. This is a corporate guarantee, a first in the DRC, which reinforces the security of investors and broadens the financing options available on the money market. This operation was validated by the Central Bank of Congo (BCC) as part of instruction 50, governing negotiable debt instruments

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According to Mustafa Rawji, CEO of Rawbank, “this transaction reinforces our leading position in the banking sector in the DRC and underlines our commitment to supporting the country's economic development. By facilitating access to finance for key businesses, we contribute to the growth and diversification of the national economy.” For his part, Etienne Mabunda, Commercial Director of Rawbank, said that “this second commercial paper issue testifies to our ability to innovate and to meet the specific needs of our institutional clients. Thanks to our trading room in accordance with international standards, we were able to structure this transaction in an optimal way, also offering our investors higher return opportunities in a competitive market context.”

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