By: Nghiinomenwa-vali Hangala
The Bank of Namibia on Wednesday received 108 bids, worth N$950.9 million, as investors sought to switch their money from the GC27 bond.
This comes after the Ministry of Finance invited various investors (individuals and institutions) to switch their N$6.6 billion investment in the GC27 Bond.
According to the Tender Switch Auction result, despite the almost billion-dollar worth of bids, the central bank did not accept all bid rates for the switch.
As a result, only N$698.1 million was switched to other long-dated bonds.
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