Namibia: bonds

A significant portion of Namibia’s GDP comes from the extraction and processing of minerals for export, in particular diamonds and uranium. Mining accounted for 8.8 per cent. of nominal GDP in 2010 and provided 40.6 per cent. of foreign exchange earnings. Rich alluvial diamond deposits make Namibia a primary source for gem-quality diamonds, and in 2010 approximately 1.5 million carats were recovered from Namibian mines. Namibia is the world’s fourth-largest producer of uranium, with almost 6,000 tonnes of contained uranium mined in 2010. Namibia also produces large quantities of zinc and smaller amounts of gold and other minerals such as copper and lead. Namibia’s other principal economic sectors include fishing, manufacturing and agriculture. Namibia’s principal exports include metal ores, diamonds, fish and manufactured products while its principal imports include machinery and equipment, transport equipment, food and beverages and chemical rubber and plastic products.
As at 1 September 2011, Namibia’s public debt was approximately N$16.8 billion, or 17.1 per cent of GDP. About a fifth of the debt is owed to bilateral and multilateral foreign creditors, while the rest is domestic debt. The Bank of Namibia has previously accessed the international lending markets in 2006 with a U.S.$50 million syndicated loan facility. The primary objective of this facility was to create a credit record with international lenders as a means of improving borrowing capability to enable the Government to supplement its foreign exchange reserve levels as and when required. Since 2005, domestic debt has declined gradually from approximately 23.1 per cent. of GDP to 15.9 per cent. at the end of 2010 due to strong fiscal consolidation and prudent fiscal policies. Privatisation receipts of 1.3 per cent. of GDP in 2006 from the sale of a telecommunications firm contributed to the decrease. Moreover, the Government paid certain external debts and redeemed maturing domestic debts in 2009/2010, which also reduced the public debt ratio.

Outstanding bond issues

Сurrency Outstanding bond issues Cumulative volume
sovereign
NAD 17 22 846 841 755
ZAR 4 2 892 000 000
USD 2 1 250 000 000
corporate
NAD 25 3 512 400 000
ZAR 9 2 232 000 000

Sovereign rating

Rating AgencyRatingRating scaleDate
Organisation for Economic Co-operation and Development (OECD) *** Country Risk Classifications ***
Moody's Investors Service *** LT- foreign currency ***
Moody's Investors Service *** LT- local currency ***
Fitch Ratings *** LT Int. Scale (foreign curr.) ***
Fitch Ratings *** LT Int. Scale (local curr.) ***
National Rating Agency *** Global scale ***
Registration required. Please log in or fill in the registration form.

Latest bond issues

issue ISIN coupon volume end of placement maturity date
Namibia, 4.5r 15jan2029 - Domestic bonds NA000A19GED0 4.5%*CPI 75 000 000  NAD 05/31/2017 01/15/2029
First National Bank of Namibia, FRN 20mar2020, ZAR - International bonds ZAG000142803 3 Month JIBAR + 1.85% 343 000 000  ZAR 03/20/2017 03/20/2020
Bank Windhoek, FRN 10nov2021, ZAR - Domestic bonds ZAG000140286 3 Month JIBAR + 2.3% 60 000 000  ZAR 11/10/2016 11/10/2021
Bank Windhoek, FRN 11nov2019, ZAR - International bonds ZAG000140278 3 Month JIBAR + 2.05% 160 000 000  ZAR 11/10/2016 11/11/2019
First National Bank of Namibia, 10.08% 1nov2019, NAD - Domestic bonds NA000A188PX0 10.08% 170 000 000  NAD 11/01/2016 11/01/2019
First National Bank of Namibia, 10.5% 1nov2021, NAD - Domestic bonds NA000A188PY8 10.5% 142 000 000  NAD 11/01/2016 11/01/2021
First National Bank of Namibia, FRN 1nov2019, NAD - Domestic bonds NA000A188PV4 3m JIBAR + 1.8% 206 000 000  NAD 11/01/2016 11/01/2019
First National Bank of Namibia, FRN 1nov2021, NAD - Domestic bonds NA000A188PW2 3m JIBAR + 2% 22 000 000  NAD 11/01/2016 11/01/2021
Bank Windhoek, 9.55% 25oct2018, NAD - Domestic bonds NA000A1878M2 9.55% 90 000 000  NAD 10/25/2016 10/25/2018
Bank Windhoek, 7.75% 15oct2021, NAD - Domestic bonds NA000A1878P5 7.75% 54 000 000  NAD 10/25/2016 10/15/2021

World Bond market statistics

Quarterly indices

Type I 2017 IV 2016 III 2016 II 2016 I 2016 IV 2015 III 2015
BIS volume of international-bond market of emerging countries
Namibian international bonds, USD bln 1.300 1.300 1.300 1.300 1.300 1.300 0.500
BIS net issues of international-bond market of emerging countries
International-bond net issue of Namibia, USD bln         0.000 0.800 0.000

Currencies

Daily indices

Type: 07/05/2017 07/04/2017 07/03/2017 06/30/2017 06/29/2017 06/28/2017 06/27/2017
Exchange Rates (Emerging Markets)
USD/NAD 13.3999 13.1946 13.2324 13.0954 13.0390 12.9399 13.0112
show other indices

Macroeconomic Indicators (World economy)

Monthly indices

Type Jul 2017 Jun 2017 May 2017 Apr 2017 Mar 2017 Feb 2017 Jan 2017
Inflation Rate (World), % to the same period of the previous year
Inflation Rate (Namibia) 5.40 6.10 6.30 6.70 7.00 7.80 8.20
show other indices

Bonds prices

issue volume maturity date bid prices ask prices
date bid price yield date ask price yield
Namibia, 5.25% 29oct2025, USD   USD 10/29/2025 05/18/2016 **.** *.** 05/18/2016 **.** *.**
Namibia, 5.50% 3nov2021, USD   USD 11/03/2021 05/18/2016 ***.* *.** 05/18/2016 ***.** *.**
* Registration required. Please log in or fill in the registration form.
minimizeexpand
150 000
issues: local and international bonds
170
countries
+7 812 336 97 21
pro@cbonds.info
150 000
issues: local and international bonds
170
countries
Сbonds is a global Fixed income data platform
+7 812 336 97 21
pro@cbonds.info
Data
  • Descriptive data on bonds
  • Bond Quotes from trading systems and market participants
  • Prospectuses and other issue documents
  • Credit ratings
  • Indices and indicators
  • Market news and analytical research
Analytical instruments
  • Multi-parameter bond database search
  • Bond Maps
  • Market calendar
  • Bond calculator
  • Watchlist and Portfolio management
  • Chart analysis
  • Mobile App and Excel Add-in Tool
Enter or RegisterSubscription/Trial access