Congo issues its first US dollar bonds, raising $1.25 billion

Bloomberg, citing informed sources, reported that the country priced a $600 million 6-year note and a $650 million 11-year security, with yields of 8.75% and 9.5% respectively. The final order book exceeded $4.8 billion. Finance Minister Doudou Roussel Fwamba Likunde stated that the proceeds from the bond issuance will be used for investments in infrastructure, energy, and social development sectors. On April 8, the country promoted Eurobonds to investors.