Namibia Offers `Generous' Premium to Lure Buyers to Bond Sale

Updated on
  • Bonds price at 5.375% compared with 4.58% on existing notes
  • Southern African nation to use transaction to boost reserves

Namibia sold its first dollar-denominated bonds since 2011 at a premium to market rates as the investment-grade African nation seeks cash to shore up reserves and finance infrastructure projects.

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