BY BANELE MAGONGO
MBABANE – The Government of Eswatini, through the Central Bank of Eswatini (CBE), has issued bonds of up to E200 million.
The CBE has announced the issuance of Government bonds in four distinct categories, offering fixed coupon rates ranging from 10.50 percent to 12.00 percent. The announcement was made by the CBE today (Tuesday, June 18, 2024).
On June 25, 2024, the bank stated that these bonds would be offered for auction, providing investors with an enticing opportunity to capitalise on stable returns, while contributing to Eswatini’s development.
The bonds will be issued via a competitive multiple bid auction model, open to a diverse range of investors including individuals, corporations, and institutions. Interested parties can submit their bids through the primary dealers, which are the four local commercial banks in Eswatini, ensuring a transparent and fair allocation process for all potential investors.
It is stated the primary aim of issuing these bonds is to strengthen the secondary market, establish a fair market price that balances the interests of borrowers and investors, and facilitate financial intermediation while catering to the budgetary needs of the government. The Pricing Supplements and other documents for this issuance are readily available for review at the financial markets department of the Central Bank of Eswatini, located on the 3rd Floor of the Umntsholi Building in Mbabane, or can be accessed via the Central Bank’s official website, www.centralbank.org.sz.
Interested parties are encouraged to contact their commercial banks or collect application forms and further details at the Financial Markets Department, email: CBE_Domestic_Markets@centralbank.org.sz Visit https://www.centralbank.org.sz/bond-advert-june/ to download the full Government Bonds issuance notice.
