• Contact Us
  • About Us
  • Advertisement
  • Privacy & Policy
Thursday, July 10, 2025
SUBSCRIBE
The Brief | Namibia's Leading Business & Financial News
26 °c
Windhoek
22 ° Wed
25 ° Thu
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
  • Home
  • Companies
    • Finance
    • Agriculture
    • Technology
    • Property
    • Trade
    • Tourism
  • Business & Economy
  • Mining & Energy
  • Opinions
    • Analysis
    • Columnists
  • Africa
  • e-edition
No Result
View All Result
The Brief | Namibia's Leading Business & Financial News
Subscribe
No Result
View All Result
TB image banner 750x140
Home News Namibia

Namibia nears N$9.5bn Eurobond sinking fund target, only N$1.5bn short 

by editor
February 12, 2025
in Namibia
7
A A
560
SHARES
9.3k
VIEWS
Share on FacebookShare on TwitterShare on LinkedIn

Namibia is nearing its N$9.5 billion (US$500 million) target for the sinking fund intended to repay its maturing Eurobond in October 2025, with only N$1.5 billion (US$80 million) left to secure.

You might also like

Makalani plans N$1 billion capital raise for regional impact fund

ACC upgrades systems to tackle cybercrime

Namibia removed from global hunger hotspot list

Bank of Namibia (BoN) Governor Johannes !Gawaxab confirmed the progress on Wednesday, stating that strategic planning has ensured the country remains on track to meet its obligations. 

“We knew it was coming, so we planned accordingly. By October or November 2025, we need to have approximately US$500 million in the sinking fund we established,” he said. 

He noted that currently, around US$420 million has already been accumulated, leaving a final gap of US$80 million to be covered within the next several months.  

!Gawaxab added that with the sinking fund nearing full capitalisation, the focus now shifts to the government’s strategy for the remaining portion of the Eurobond repayment.

He highlighted that key considerations include whether to roll over the remaining debt or refinance it locally, depending on market conditions.  

“The key decision now is what to do with the remaining amount. Do we roll it over? Do we refinance it in the local market? It will largely be an issue of pricing, so we need to determine where we can secure the best terms,” he explained. 

This comes after the Ministry of Finance and Public Enterprises last year said the government is prepared to meet its N$13.8 billion (US$750 million) maturing Eurobond obligation on 29 October 2025.

According to Minister Ipumbu Shiimi, the government has employed a savings strategy that involves setting aside funds specifically designated to cover the upcoming maturity, with N$9.5 billion (US$500 million) from the reserves being used to pay off some of the bond. 

“What we have been doing is putting some money aside, and we will continue to do so until the date of repayment. We will pay off some of the bond, close to US$500 million, from these savings that we are putting aside,” he said. 

He further explained that for the remaining balance of approximately N$4 billion, the government is exploring domestic borrowing options. 

This could involve issuing domestic bonds, potentially attracting local pension funds seeking investment opportunities. 

“There will be a remainder of US$250 million; that’s the one we’re trying to see if we should convert it into a domestic bond, for instance, so maybe our pension funds here are looking for some domestic instruments so we can borrow from them and repay the bond,” Shiimi said. 

It is reported that paying off a significant portion of the Eurobond will bring the debt-to-GDP ratio down to around 56%, which is better than the international standard of 60%. 

This will also lead to lower interest payments and reduce the vulnerability of the total debt and interest payments to changes in exchange rates.

author avatar
editor
See Full Bio
Tags: bank of namibiaEurobondIpumbu ShiimiJohannes !Gawaxab
Share224Tweet140Share39
Previous Post

Namibia’s trade deficit hits N$42 billion in 2024 amid rising imports

Next Post

Namibia, China approve visa-free travel for diplomats

Recommended For You

Makalani plans N$1 billion capital raise for regional impact fund

by reporter
July 10, 2025
0
Makalani plans N$1 billion capital raise for regional impact fund

Makalani Fund Managers is aiming to raise N$1 billion for its first regional Impact Fund, targeting institutional investors in Namibia and South Africa to finance infrastructure, renewable energy,...

Read moreDetails

ACC upgrades systems to tackle cybercrime

by reporter
July 7, 2025
0
ACC upgrades systems to tackle cybercrime

The Anti-Corruption Commission (ACC) is stepping up its digital security capacity and staff development to better manage cyber-related corruption cases. Director-General Paulus Noa said the institution is actively...

Read moreDetails

Namibia removed from global hunger hotspot list

by reporter
July 4, 2025
0
Namibia removed from global hunger hotspot list

Namibia has been removed from the global hunger hotspot list, according to the latest Hunger Hotspots report issued by the Food and Agriculture Organization (FAO) and the World...

Read moreDetails

Namibia downgraded to lower-middle-income country

by reporter
July 2, 2025
0
Namibia downgraded to lower-middle-income country

Namibia has been reclassified from an upper-middle income to a lower-middle income country, according to the latest World Bank’s FY26 income classification update. Namibia is the only country...

Read moreDetails

Govt approves pension-backed home loan scheme for civil servants

by reporter
June 25, 2025
0
Govt approves pension-backed home loan scheme for civil servants

The Government of Namibia has approved the launch of a Pension-Backed Home Loan (PBHL) scheme aimed at improving access to affordable housing for civil servants. The scheme will...

Read moreDetails
Next Post
Namibia, China approve visa-free travel for diplomats

Namibia, China approve visa-free travel for diplomats

Related News

Conquering end-of-year fatigue: A wellness guide

Conquering end-of-year fatigue: A wellness guide

October 4, 2024
InterCity launches South African service, Botswana ops planned

InterCity launches South African service, Botswana ops planned

January 16, 2024
What you need to know about egg production

What you need to know about egg production

May 9, 2023

Browse by Category

  • Africa
  • Agriculture
  • Analysis
  • Business & Economy
  • Columnists
  • Companies
  • Finance
  • Finance
  • Fisheries
  • Green Hydrogen
  • Health
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • Namibia
  • News
  • Opinions
  • Property
  • Retail
  • Technology
  • Tourism
  • Trade
The Brief | Namibia's Leading Business & Financial News

The Brief is Namibia's leading daily business, finance and economic news publication.

CATEGORIES

  • Business & Economy
  • Companies
    • Agriculture
    • Finance
    • Fisheries
    • Health
    • Property
    • Retail
    • Technology
    • Tourism
    • Trade
  • Finance
  • Green Hydrogen
  • Investing
  • Latest
  • Market
  • Mining & Energy
  • namibia
  • News
    • Africa
    • Namibia
  • Opinions
    • Analysis
    • Columnists

CONTACT US

Cell: +264814612969

Email: newsdesk@thebrief.com.na

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Home
  • Companies
  • Mining & Energy
  • Business & Economy
  • Opinions
    • Analysis
    • Columnists
  • Africa

© 2025 The Brief | All Rights Reserved. Namibian Business News, Current Affairs, Analysis and Commentary

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.