Mbabane – The Central Bank of Eswatini (CBE) announced yesterday that the government successfully auctioned an 8-year infrastructure bond, raising E200 million to fund national development projects. The bond carries a fixed interest rate of 11.25 percent per annum.
The auction drew strong investor demand, with total bids reaching E275.27 million, giving a bid-to-cover ratio of 1.38. Ultimately, E200.27 million was allocated, reflecting a 100.1 percent allotment rate and signaling strong confidence from the market.
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Proceeds from the bond are earmarked for infrastructure initiatives designed to stimulate economic activity, support business growth, and advance social development across the Kingdom.
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