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.
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Pheliswa Mayekiso
Corporate Communications Consultants
Tel: + 27 11 463 2198

Graham Smale
Director: Bonds and Financial Derivatives
JSE Limited
Tel: + 27 11 520 7831