By: Nghiinomenwa-vali Erastus
The government through the Central Bank will gives investors in the GC26 bond a chance for them to move their money to other long-term debt instruments today.
The government owes domestic investors through the GC26, N$5.6 billion, and now it is hoping that investors will be enticed and tell the government to keep the money for a long period instead of paying it back in October 2026.
For this, the government will hold a second switch auction where investors will bid to the government at what price they are willing to let the state keep the money.
The Bank of Namibia announced the switch auction via an invitation to tender where investors are given 10 other bonds to move their money.
These are GC27, GC28, GC32, GC35, GC37, GC40, GC43, GC45, GC48 and the GC50
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