Congo Plans to Raise $750 Million With Maiden Eurobond Sale

The Democratic Republic of Congo is preparing to raise $750 million in April with its first international bond sale, and will use the proceeds to fund infrastructure projects.

Surging prices of metals — including gold and copper — will help it sell the notes at a competitive yield, Finance Minister Doudou Fwamba Likunde said in an interview Wednesday in the capital, Kinshasa. Accelerating economic growth, an inflation rate of around 2% and one of the lowest debt-to-GDP ratios in Africa will also help, the minister said.