CHAMWE KAIRA
The government will make a combined interest and capital repayment of N$352.6 million to holders of its NAM04 bond on 3 August 2026, according to a notice issued to noteholders.
The notification on the Johannesburg Securities Exchange stated that Namibia will pay N$17.6 million in interest and N$335 million in capital on the bond, which carries a 10.51% coupon.
The bond, listed under bond code NAM04 with ISIN ZAG000138470, will be settled on 3 August 2026 in line with the “following business day” date convention. The payment notice was dated 27 July 2026. FirstRand Bank Limited is the debt sponsor for the bond.
According to the annual borrowing plan by the ministry of finance and Bank of Namibia, for the financial year 2026/27, the total financing requirement is estimated at N$29.22 billion, comprising a budget deficit of N$15.78 billion and additional financing requirement arising from debt obligations of N$13.44 billion, including bond redemptions and foreign loan principal repayments and cash requirement to improve the Government’s cash position with Bank of Namibia.
Looking back, the Bank of Namibia and the finance ministry said for the financial year, 2025/26 borrowing programme was executed in line with its targets.
Domestic borrowing for the year amounted to N$26.48 billion, equivalent to 100.6% of the annual domestic borrowing requirement of N$26.31 billion.
On the external front, funding will be pursued through a combination of loan and bond market instruments, allowing for flexibility in execution depending on prevailing market conditions.
In addition to market-based funding, Namibia will continue to leverage concessional financing from bilateral and multilateral partners.
The government has said Namibia aims to secure the required financing at optimal cost and risk parameters, while supporting the ongoing development of its domestic capital market and preserving debt sustainability over the medium term.
