Rawbank, first DR Congo bank to launch mining company securitisation

Rawbank, first DR Congo bank to launch mining company securitisation

The Sino-Congolese bank piloted the issuance of $10 million of negotiable debt to a mining group operating in Katanga.

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            ▪ Rawbank, first DR Congo bank to launch mining company securitisation

▪ The Sino-Congolese bank piloted the issuance of $10 million of negotiable debt to a mining group operating in Katanga.

https://www.africabusinessplus.com/en/813910/rawbank-first-dr-congo-bank-to-launch-mining-company-securitisation/

This issue of negotiable receivables on the financial market is a first in the banking sector for DR Congo. The initiative, based on the principle of securitisation of private receivables, was driven by an industrial client of Rawbank.

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