By: Nghiinomenwa-vali Erastus
On Thursday this week, the government will auction four of its Treasury Bills borrowing instruments as it seeks to borrow N$1.5 billion, according to a tender invite released by the central bank.
These are the 91-day Treasury Bills, 128-day Treasury Bills, 272-day Treasury Bills, and 364-day Treasury Bills.
According to the invite, the government already owes investors around N$1.4 billion through the same Treasury Bills (TBs), as shown in the maturing amount by the central bank.
As a result, the government aims to rollover, or ask to keep its existing debt during the auction.
The tender invite, however, shows that the government not only intends to keep the maturing amount in the 4 TBs, but to to raise more funds.
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