BY BANELE MAGONGO
MBABANE – The Central Bank of Eswatini (CBE) announced that the Government of Eswatini is issuing government bonds with fixed coupon rates of 10.25 percent, 10.50 percent, and 11.00 percent.
The auction date for these bonds is set for 25 March 2024, and the total amount to be issued is E150 million.
The CBE has announced that the bonds will be issued through a competitive multiple bid auction, which is open to the public. This includes individuals, corporations, and institutional investors.
All investors are advised to apply for the bonds through the four local commercial banks, who serve as primary dealers for Government. The details of the auction, including the application process, can be found on CBE’s website.
According to the announcement, the purpose of the bond issuance is to develop the secondary market, establish a fair market price, and compensate both the government and investors for interest rate risks.
In addition, the bond issuance aims to facilitate financial intermediation and meet the government’s budgetary requirements. The announcement also notes that the issuance will be conducted in accordance with the government’s financial policy and the CBE’s rules and procedures.
According to a statement issued by the Central Bank of Eswatini, the applicable pricing supplements and other relevant documents are available for viewing at the Financial Markets Department of the Central Bank of Eswatini, located on the 3rd Floor of the Umntsholi Building in Mbabane.
These documents can also be found on CBE’s website, www.centralbank.org.sz. CBE encourages all interested parties to view these documents before participating in the issuance.
