Africa Links 24 with Tannan Groenewald
Published on 2025-11-01 06:00:00
Namibia has repaid a US$750-million eurobond issued in 2015, the largest single-day debt maturity in the country’s history.
The redemption was financed through two channels: US$444 million from the sovereign sinking fund (cash that had been built up over years specifically for this purpose) and US$306 million raised from commercial banks shortly before maturity.
Since the US$306 million was financed by new borrowing, roughly 40% of the obligation was effectively rolled over, while…
Read the Full article on The Namibian
