The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Deals of the Year 2011: Republic of Namibia debut Eurobond

Republic of Namibia debut Eurobond
Size $500 million
Date October 27 2011
Lead managers Barclays Capital, Absa Capital and Standard Bank
Coupon 5.5%
Tenor 10 years
return to the Middle East & Africa Deals of the Year index

Meanwhile, in Africa, the main story was not just about new funding sources, but also the arrival of new issuers, as investors turned optimistic about the continent’s success. First-time benchmark-sized Eurobonds by African sovereigns became a stamp of approval for these countries’ economic prospects, and will encourage further capital flows.

In January 2011, Nigeria was the first African sovereign to issue a benchmark debut issue with a 10-year $500 million deal. Senegal followed in May with a $500 million 10-year deal.

However, the debut sovereign Eurobond from the Republic of Namibia on October 27 perhaps best encapsulates the trend of sovereigns that were previously unknown to international markets now being able to grab investors’ attention.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree