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Namibia vows to repay $750 million Eurobond ahead of October deadline

Photo by Guberan Thanirmalai on Unsplash
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Vitalio Angula

Vitalio Angula is a multi-media journalist based in Namibia with over eight years experience in TV, Radio, Digital and Breaking News Reporting and interest in finance, environmental and political reporting.
  • Government insists it will redeem maturing Eurobond despite 20% shortfall
  • No plans to issue a new Eurobond amid cautious fiscal strategy, says finance ministry

 

WINDHOEK – Namibia says it is prepared to fully repay a $750 million Eurobond maturing in October, as officials move to reassure international investors and avoid the spectre of a sovereign debt default.

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