The Bank of Namibia has confirmed it has raised 13.5 billion Namibian dollars ($779 million) to redeem its $750 million Eurobond on October 29 — the largest debt repayment in the nation’s history. Issued in 2015 to support development and the national budget, the bond’s redemption underscores Namibia’s strong economic fundamentals. Governor Johannes !Gawaxab said the operation aligns with the country’s debt management strategy and reaffirms its commitment to maintaining creditworthiness.
