By: Justicia Shipena

 

The government is set to reduce its outstanding bonds by 2025, with N$6.77 billion currently owed on GC24, GC25, and GI25 bonds, according to a report from Simonis Storm Securities.

This figure is expected to shrink further as upcoming GC25 switch auctions are held.

In their report on fixed income issued, Simonis Storm Securities, highlighted dynamic shifts in Namibia’s bond market, impacted by fluctuating demand and interest rate cuts.

“Looking ahead to 2025, N$6.77 billion in government bonds remains outstanding, comprising the GC24, GC25, and GI25. This amount is anticipated to decrease further with upcoming GC25 switch auctions,” stated the report.

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