First Namibian government Bond lists on JSE
November 21, 2012
JOHANNESBURG, 19 November 2012. The Republic of Namibia
today listed its first Rand-denominated government bond on the Johannesburg
Stock Exchange (JSE). With a R3 billion medium term note programme approved, the
first tranche is an issuance of ZAR 850 million.
This follows other
issuances in the past year that have helped expand bonds listed on the JSE to
R1.45 trillion.
“The listing is a very positive development as it is an
example of this exchange’s drive to build a listings venue for Africa across the
government, state owned enterprise, corporate and infrastructure sectors.
Listing on the exchange brings a number of positive benefits including
transparency (from an issuer disclosure perspective), more trade after listing
and secure settlement, increased transparency of trading prices and improved
regulation,” says Graham Smale, Director of Bonds and Financial Derivatives at
the JSE.
“Importantly, through this listing the Namibian government gains
easy access to a wide range of intermediaries and end-investors through the
network of JSE members and their clients.”
JSE Limited
As South Africa’s only full service
securities exchange, the JSE connects buyers and sellers in four different
financial markets, namely equities, equity derivatives, commodities derivatives
and interest rate instruments. The JSE Ltd offers the investor a first world
trading environment, with world class technology, surveillance and settlement in
an emerging market context. It is amongst the top 20 largest equities exchanges
in terms of market capitalisation in the world.
For further information,
please visit www.jse.co.za
ISSUED BY:
Pheliswa Mayekiso
Corporate
Communications Consultants
Tel: + 27 11 463 2198
Email: pheliswa@corpcom.co.za
ON BEHALF OF:
Graham Smale
Director: Bonds and
Financial Derivatives
JSE Limited
Tel: + 27 11 520 7831