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Namibia to pitch Eurobond issue to U.S. investors

Officials from Namibia are setting off on a U.S. roadshow this coming week to pitch its first Eurobond sale since 2011. A European roadshow will follow, an investor source told Bloomberg. The bond will be used to boost reserves, finance infrastructure projects and fund education initiatives. Yields on the country’s $500 million bond which comes due in 2021 are lower than any other country in sub-Saharan Africa barring South Africa.

Read more at Bloomberg…

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