Namibia Power Corporation (NamPower) has successfully listed a N$5 billion bond programme on the Namibia Securities Exchange (NSX).

NamPower, partnering with Nedbank Namibia and Cirrus Securities, announced this on Thursday in Swakopmund.

The bond program is structured to allow NamPower to issue multiple tranches of debt with varying interest rates and time periods with a single approval.

It includes provisions for green and sustainable notes, aligned with international environmental standards and the United Nations’ Sustainable Development Goals.

NamPower’s Managing Director, Kahenge Haulofu, said, “We are delighted to list our Domestic Medium Term Note Programme on the NSX. This platform provides us with flexible and cost-effective access to domestic capital markets and reinforces our commitment to contributing to the development of Namibia’s financial sector. We look forward to utilising the programme to support our strategic growth objectives while offering investors attractive debt instruments.

Cirrus Securities’ Director, Romé Mostert, said, “We are proud to have partnered with Nedbank Namibia as co-lead arranger on this landmark transaction. The successful listing of the DMTN Programme demonstrates and confirms the sophistication of Namibia’s debt capital markets and provides institutional investors with diversified investment opportunities."