Finances: 65 million USD borrowed on the financial market
Nearly USD 65 million was borrowed on the financial market in the Democratic Republic of Congo through the issuance of indexed bond treasury bills, said a statement from the Ministry of Finance received by the ACP on Thursday.
“Indexed bond treasury bills issued in the financial market by the government, through the Ministry of Finance, yielded USD 65 million at the auctioned amount coverage rate of 54%,” it read. in the press release of the said ministry.
He pointed out that two bidders in total have been served for these financial securities with three months of maturity and will be reimbursed with an interest rate of 10%.
A Treasury bond is a debt security issued by the State, and repayable at maturity.
In the Democratic Republic of the Congo, the government issues debt securities through the public 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.
100% guaranteed by the government that issues it, the Treasury bond is one of the safest investments on the money market.
mediacongo
*Maybe, but we're talking about the DR fucking C for Corruption here Mr Congo
You know the one, Where $Millions go missing, just Vanish into thin Air / Paper Bags etc.
Where Nothing is Safe / Guaranteed anymore, even a ML
Especially when you've done everything by the Book
