By: Nghiinomenwa-vali Erastus
Some of the investors in the GC26 government bond have opted to have the government keep N$839,3 million of their investments for more years.
This will be done by switching to the other 10 long-term bonds that the government uses to borrow, as revealed by the auction result, which the Bank of Namibia held a week ago.
Over the years, the government has been borrowing through the GC26 bond, and as of July 2025, it owed or borrowed a total of N$3.9 billion through the bond, which it now needs to repay or retain as the bond retires.
For this, the government, through the central bank, hosts various switch auctions to express its desire to retain the borrowed money for longer and also to give investors a chance to switch their investment if they are satisfied with the government returns.
During the switch auction, investors submitted a number of bids worth N$923.6 million that they wanted to switch to the available longer-period bonds.
Comments