Government has now mobilised the full N$13.5 billion required to redeem Namibia’s Eurobond, which matures on 29 October 2025, according to the Bank of Namibia (BoN).
The Eurobond, issued in 2015, was used to support national development, budget financing, and balance of payments needs.
BoN Governor Johannes !Gawaxab confirmed that the funds have been secured in line with Namibia’s Sovereign Debt Management Strategy (SDMS), which promotes prudent fiscal planning and enhances investor confidence.
He said the transfer of funds will be completed ahead of the bond’s maturity date, reflecting the country’s strong operational preparedness and sound financial management.
“The payment will be made just before 29 October 2025, and the Bank of Namibia remains in close coordination with the Ministry of Finance to ensure timely transfer of funds to the relevant institutions servicing the loan obligation,” !Gawaxab said.
He added that the coordinated effort between the Bank of Namibia and the Ministry of Finance aims to mitigate foreign-exchange risks and safeguard Namibia’s financial stability.
The timely redemption, he noted, underscores Namibia’s commitment to maintaining its creditworthiness and reinforces investor confidence in the country’s standing on international capital markets.
The Eurobond repayment, based on an exchange rate assumption of N$17.50 per US dollar, marks a key milestone in the government’s debt management efforts.
This development follows Finance Minister Ericah Shafudah’s announcement in September that government was finalising a refinancing facility with three local banks to close the remaining funding gap for the Eurobond.
At the time, she said government had already secured N$8.64 billion (US$550 million) through foreign reserves, contributions to a sinking fund, and borrowing from local markets and commercial banks.
Shafudah noted that preparations for the Eurobond repayment had been underway since its issuance in 2015, in line with Namibia’s long-term debt strategy to ensure fiscal sustainability and investor confidence.
