By: Nghiinomenwa-vali Hangala
The government, through the central bank, will attempt to persuade investors to switch their N$2.3 billion investment in the GC26 Bond to other long-term bonds to avoid repaying the borrowed money next year.
The government announced this auction through a central bank notice released last week.
Market participants or lenders are invited to bid on the nominal amounts of the GC26 they wish to sell for destination stocks and the yield/price at which they want to buy the destination stock.
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