Namibia has repaid a 750 million US dollar eurobond, the largest single-day debt maturity in the country’s history, reinforcing its standing in international capital markets, according to reporting by Bloomberg.

Finance Minister Ericah Shafudah described the repayment as a strategic move to maintain fiscal credibility and flexibility, telling reporters in Windhoek that it “positions the country favourably for potential future engagements abroad.”

The redemption drew on the government’s sinking fund, a dedicated reserve for debt obligations, alongside additional borrowing arranged with local banks. The eurobond, first issued in 2015 at a 5.25 per cent coupon, had financed infrastructure projects such as road construction and provided general budget support.

The repayment will reduce Namibia’s foreign reserves to approximately 47 billion Namibian dollars (2.7 billion US dollars) by the end of December, down from 54.7 billion Namibian dollars at the close of September, the Bank of Namibia said. Government debt currently stands at 176.3 billion Namibian dollars, or 63 per cent of GDP, underlining the balancing act between meeting obligations and sustaining liquidity.