{"id":26963,"date":"2022-08-05T16:02:32","date_gmt":"2022-08-05T16:02:32","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens"},"modified":"2022-08-05T16:12:29","modified_gmt":"2022-08-05T16:12:29","slug":"bond-auctions-for-the-month-opens","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens","title":{"rendered":"Bond auctions for the month opens"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>THE state has put out a call for the first bond auctions for the month, seeking to borrow N$215 million by next Wednesday.<\/b><\/p>\n

The funds are spread over 14 active bonds \u2013 10 fixed-rate normal bonds, and four inflation-linked bonds, which are expected to return N$175 and N$40 million, respectively.<\/p>\n

According to the national borrowing plan as released by the Bank of Namibia, the state plans to borrow some N$730 million this month.<\/p>\n

The mounting debt is paying good interest to investors.<\/p>\n

Bonds and treasury bills are some of the few instruments that are still paying above inflation rate, with the lowest bond paying a 8,5% coupon.<\/p>\n

On auction are the GC26, GC28, GC32, GC35, GC37, GC40, GC43, GC45, GC48 and the GC50.<\/p>\n

Of the above, the GC32, which is paying a 9% coupon, has been the most subscribed.<\/p>\n

Inflation bonds GI27, GI29, GI33 and the GI36 are all on auction, seeking to raise N$10 million each.<\/p>\n

Trading in government bonds has in part been the income pot of many non-banking financial institutions over the years, but private individuals have also desired to earn non-taxed coupons lately.<\/p>\n

Last year data from the Bank of Namibia shows individuals were allotted just about N$266 million worth of bonds for the whole year.<\/p>\n

The government last year borrowed over N$10 billion through bonds.<\/p>\n

For one to participate in government bonds, a minimum of N$50 000 is required, and applications need to be made with the Bank of Namibia.<\/p>\n

There have been promises by the government that a system would be introduced to allow individuals with smaller amounts to participate, however, this is yet to realise.<\/p>\n

The treasury still has to borrow over N$5,6 billion through bonds before the 2022\/23 fiscal year closes.<\/p>\n

On treasury bills, yesterday, a 91-day treasury bill auction seeking to raise N$400 million was oversubscribed, with tenders submitted at N$766 million.<\/p>\n

This is still indicative of fewer investments remaining to chase available funds.<\/p>\n

Investment professional Immanuel Kadhila last week said the shallow nature of Namibia’s capital market, the infrastructure funding gap, and the size of the country’s long-term savings make a good case for infrastructure\/projects bonds.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. THE state has put out a call for the first bond auctions for the month, seeking to borrow N$215 million by next Wednesday. The funds are spread over 14 active bonds \u2013 10 fixed-rate normal bonds, and four inflation-linked bonds, which are expected to return N$175 and N$40 million, respectively. According to […]<\/p>\n","protected":false},"author":84,"featured_media":26962,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[234,236,233],"class_list":["post-26963","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nBond auctions for the month opens - Namibia<\/title>\n<meta name=\"description\" content=\"THE state has put out a call for the first bond auctions for the month, seeking to borrow N$215 million by next Wedne ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Bond auctions for the month opens\" \/>\n<meta property=\"og:description\" content=\"THE state has put out a call for the first bond auctions for the month, seeking to borrow N$215 million by next Wedne ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-08-05T16:02:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-08-05T16:12:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/08\/postQueueImg_13-62ed415004bd7.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Bond auctions for the month opens\",\"datePublished\":\"2022-08-05T16:02:32+00:00\",\"dateModified\":\"2022-08-05T16:12:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens\"},\"wordCount\":370,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2022\/08\/postQueueImg_13-62ed415004bd7.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/bond-auctions-for-the-month-opens\",\"name\":\"Bond auctions for the month opens - 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