By: Nghiinomenwa-vali Erastus
Fixed-income assets offered by the government continue to be the preferred choice for capital through auctions by the central bank, given the persistent budget deficit faced by the central government.
However, the initial bond auction for the year has seen the government rejecting various bids and obtaining less than its planned bond borrowings.
Last week, the government sought N$1.3 billion through treasury bills and N$1.02 billion through bonds.
The outcome of the Treasury Bills (TBs) Auction on January 11, 2024, reveals that investors (institutional and retail/individual) had N$2.5 billion ready to invest in the four TBs offered during the auction.
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