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.
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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