On Thursday, 21 May 2026, the Bank of Namibia will auction four of its Treasury Bills (T-bills) to raise N$1.5 billion for the government.
These instruments are some of the two I Owe You Papers that government uses to borrow from the money market.
The Treasury Bills are bills used to borrow money for a period less than a year, and they are divided into numbers of days: 91, 182, 273, and 364 days.
In the tender invite, the central bank plans to raise N$400 million through the 91-day T-bill.
Through the 182-day T-bill, the government plans to borrow N$290 million through this short-term paper.
While in the 273-day T-bill, the central bank plans to raise N$390 million.
The largest amount will be raised under the 364-day T-bill, where the government plans to raise N$425 million.
Tenders are to be submitted via Bloomberg by 10H30 on Thursday, 21 May 2026.
Tenders may also be submitted via the bank’s online portal by 10H00 on the auction date.
While payments are to be made before 10H00 on Friday, 22 May 2026, no cash payments are accepted.
