MBABANE – The Central Bank of Eswatini has announced the launch of four fixed coupon government bonds worth a total of E200 million, with an auction date set for 25 June 2025.
Acting on behalf of the Government of the Kingdom of Eswatini, the Central Bank issued a public call for bids on the bonds, which are open to individuals, corporates, and institutional investors. The bonds will be issued through a competitive multiple bid auction.
Each bond is valued at E50 million and offers different maturity dates and interest rates. The details are as follows:
- SG118: 10.50% coupon, maturing 30 June 2028
- SG119: 11.00% coupon, maturing 30 June 2030
- SG120: 11.50% coupon, maturing 30 June 2032
- SG121: 12.00% coupon, maturing 30 June 2035
The minimum bid is E10,000 for individual bidders and E1 million for institutional participants. All bids must be submitted through the four local commercial banks, which serve as primary dealers, and must be captured in the Central Securities Depository System before 10:00 a.m. on the auction day.
Settlement is scheduled for 30 June 2025, and trading in the secondary market will commence on 8 July 2025 in multiples of E10,000. Interest will be paid semi-annually on 30 June and 31 December each year.
The Central Bank said the bond issuance is intended to help develop the local secondary market, improve price discovery, manage interest rate risks, and support government budgetary needs.
Application forms and full details are available at the Financial Markets Department at the Central Bank headquarters in Mbabane or on the bank’s official website: www.centralbank.org.sz.
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