Tag: Absa Bank
-
Namibia’s Local Banks Step Up: N$6 Billion Facility to Refinance Eurobond Debt
Overview: Local Banks Backstopping the Government’s Debt Strategy Namibia’s financial sector has rallied to support a government strategy aimed at stabilizing and refinancing its international debt. Local banks have mobilized a total of about N$6 billion to help settle portions of a multibillion Eurobond liability, underscoring the role of domestic lenders in sovereign debt management.…
-
Local Banks Front N$6 Billion to Refinance Namibia Eurobond Debt
Overview: Banks step in to refinance Namibia’s Eurobond burden In a decisive move that could shape the country’s public finances for years to come, Namibian banks have mobilized approximately N$6 billion to help settle a portion of the government’s outstanding Eurobond obligations. This collaboration among local lenders marks a notable instance of the domestic banking…
-
Local banks back Namibia: N$6 billion to settle Eurobond debt
Namibia secures local funding to settle Eurobond debt Namibia has again turned to its domestic banking sector to manage its public debt, with local banks providing a combined N$6 billion to help settle portions of the country’s multibillion-dollar Eurobond obligations. This move underscores the growing role of Namibian lenders in supporting sovereign finance and driving…