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DR Congo eyes $1.5bn Eurobond return as IMF backing tests investor confidence

The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
The streets of Congo. Photo by Lock Larsen Ansalla @ Pixabay
  • Kinshasa plans first major Eurobond after a decade-long absence
  • Low debt levels contrast with conflict and credit rating risks

 

KINSHASA, CONGO – The Democratic Republic of Congo is preparing a return to international capital markets with a planned $1.5 billion Eurobond, a move officials say could mark a turning point for the country’s financial standing.

The proposed issuance would be Congo’s first large-scale international bond and comes as authorities seek to capitalise on improved fiscal discipline under an IMF-supported programme, despite ongoing security challenges in the country’s east.

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