The Namibia Power Corporation (NamPower), in partnership with co-lead arrangers Cirrus Securities and Nedbank Namibia, on Friday successfully listed its N$5-billion domestic medium-term note programme on the Namibia Securities Exchange (NSX).
The listing was officially celebrated with a traditional bell-ringing ceremony at the 2026 Cirrus Investor Conference at Swakopmund.
The N$5-billion medium-term note programme has been prepared to allow for a range of notes to be issued under it, including green notes and sustainable notes, to ensure NamPower can access the most suitable debt on the best terms, aligning with the planned projects in respect of which funds will be applied.
The establishment and listing of the programme involved extensive preparation, including the preparation of the programme memorandum, legal and regulatory approvals, and collaboration with the NSX.
Over the past two years, the Cirrus and Nedbank teams successfully completed the structuring and documentation processes.
While Cirrus drove the preparation of the documents for the listing, the Nedbank team worked closely with NamPower to craft a new sustainable finance framework, aligning with the United Nations Sustainable Development Goals and other international benchmarks.
This framework was approved by way of a second party opinion obtained from S&P Global.
NamPower managing director Simson Haulofu says the company is happy to list on the NSX.
“This platform provides us with flexible and cost-effective access to domestic capital markets and reinforces our commitment to contribute to the development of Namibia’s financial sector.
“We look forward to using the programme to support our strategic growth objectives while offering investors attractive debt instruments,” he says.
Cirrus Securities director Romé Mostert says the company is proud to have partnered with Nedbank Namibia as co-lead arranger on this landmark transaction.
“The successful listing of the domestic medium-term note programme demonstrates and confirms the sophistication of Namibia’s debt capital markets and provides institutional investors with diversified investment opportunities,” he says.
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