DRC raises $1.25bn in debut eurobond, selling 5- and 10-year tranches
On 10 April 2026 the Democratic Republic of Congo priced a maiden sovereign eurobond, raising $1.25bn via two tranches (5-year and 10-year maturities). The transaction was oversubscribed and sold to global investors, marking the country’s first hard-currency sovereign issuance and entry onto international capital markets.
The desk brief
On 10 April 2026 the Democratic Republic of Congo priced a maiden sovereign eurobond, raising $1.25bn via two tranches (5-year and 10-year maturities). The transaction was oversubscribed and sold to global investors, marking the country’s first hard-currency sovereign issuance and entry onto international capital markets.
The debut creates a USD hard-currency reference for central African sovereign credit, which can compress spreads and improve secondary-market liquidity for similar-duration frontier issuers. Longer-dated tranches will be more sensitive to US Treasury rate moves; transmission to local-currency markets depends on domestic funding and FX dynamics rather than the existence of the USD benchmark alone.
Watch for the eurobond’s London Stock Exchange listing, secondary trading liquidity, and any follow-up issuance plans from DRC within 12 months.
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)
- DRC raises $1.25B from debut sovereign eurobondsemafor.comSource published (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%
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