DRC: first eurobond draws massive demand [Business Africa]

The Democratic Republic of Congo has made a remarkable entry into international financial markets. The country raised $1.25 billion in its first Eurobond issuance, with investor demand nearly four times greater than the amount sought.

This operation, carried out on terms considered competitive, reflects market confidence in the country’s economic potential. A still-low debt level, at around 20% of GDP, the importance of strategic…