DRC council authorises preparation of $1.5bn Eurobond, targeting launch before June 30, 2026
On August 22, 2025 the Democratic Republic of Congos Council of Ministers authorised the government to prepare a first-ever $1.5 billion Eurobond to finance priority infrastructure and connectivity, with an expected launch before June 30, 2026.
The desk brief
On August 22, 2025 the Democratic Republic of Congos Council of Ministers authorised the government to prepare a first-ever $1.5 billion Eurobond to finance priority infrastructure and connectivity, with an expected launch before June 30, 2026.
The mandate to prepare a $1.5bn Eurobond is sizable for a frontier sovereign and could set a regional pricing benchmark for commodity-linked borrowers. If issued with longer maturities, the paper would be particularly sensitive to global benchmark yield moves and to copper-price driven fiscal revenue risk in the DRC, potentially widening required risk premia compared with peers.
Appointment/announcement of mandated lead arrangers/bookrunners or a formal issuance timetable (expected before June 30, 2026).
Sources & verification
Developing storyFurther independent confirmation is required.
- DRC’s $1.5 Billion Eurobond: A Crucial Test for Its Financial Reputationecofinagency.com (opens in a new tab)
- AYANTISayantis.net (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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