20Twenty Financial Solutions has secured funding through an issued note of N$92 million.
The funding will allow the company to offer Namibia’s first inflation-linked home loans.
An inflation-linked home loan’s installment only increases once a year.
This increase is usually tied to clients’ annual salary increase or the inflation rate.
20Twenty Housing Solutions chief executive Gideon Cornelissen says the note is only the second sustainability-linked note issued in Namibia and the first to be inflation-linked
“This issuance represents more than a funding milestone for 20Twenty.
It is a clear signal that investors recognise both the financial strength of our model and the importance of linking capital to meaningful social outcomes,” he says.
The issuance was supported by RMB Namibia in its capacity as arranger, and the Namibia Securities Exchange as debt sponsor and sustainability coordinator.
