DRC prices $1.25bn debut eurobond in two tranches, five- and ten-year notes
On April 9, 2026 the Democratic Republic of Congo priced its first-ever dollar (eurobond) issue, raising $1.25bn in two tranches (5yr and 10yr) after more than four times oversubscription, creating a new, tradeable sovereign credit instrument for the DRC.
The desk brief
On April 9, 2026 the Democratic Republic of Congo priced its first-ever dollar (eurobond) issue, raising $1.25bn in two tranches (5yr and 10yr) after more than four times oversubscription, creating a new, tradeable sovereign credit instrument for the DRC.
The transaction establishes a fresh, market-priced USD sovereign curve for the DRC that can serve as a comparator for other lower-rated, copper-linked African sovereigns (eg, Zambia/ZMB). It may compress relative spreads if investors reweight regional risk, but does not by itself demonstrate actual repricing or wider market flows without subsequent trades and secondary-market liquidity.
Listing on the London Stock Exchange and the DRC's first repayment test under the new bonds.
Sources & verification
Developing storyFurther independent confirmation is required.
- DRC raises $1.25bn in first eurobond issue - African Businessafrican.businessSource published (opens in a new tab)
- Democratic Republic of Congo Raises $1.25 Billion in Debut Eurobond at Lower Cost Than More Seasoned Neighbors Issuersecofinagency.com (opens in a new tab)
Public references supporting this brief.
Price Discovery
Congo - Kinshasa sovereign curve
Latest server-calculated mid yield by maturity. Points are observed Price Discovery levels, not an interpolated valuation curve.
- DR Congo 32Apr 203297.8759.252%
- DR Congo 37Apr 203796.8759.987%
Indicative levels only. Full bid/ask context and trading actions remain inside MSA Trader.
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