Namibia: Govt Pays Off Outstanding GC22 Bond

According to a report by Simonis Storm Securities (SSS), the Bank of Namibia (BoN) has a local and foreign sinking fund which is used to repay the capital portion of domestic (local and Johannesburg Stock Exchange-listed bonds) and foreign currency-denominated debt, respectively.

The local sinking fund has a balance of N$1,88 billion.

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