By Phiwa Sikhondze
The Central Bank of Eswatini (CBE) has achieved a significant milestone with its R4 billion Government Bond listing on the Johannesburg Stock Exchange (JSE), earning international recognition.
According to the CBE, the groundbreaking financial move has earned a nomination for the Global Banking & Markets Africa Awards 2025, a recognition of the bond’s innovation and impact.
The inaugural R400 million Protea Bond issuance, launched under the R4 billion programme, has been shortlisted in three prestigious categories: Sovereign, Supra & Agency Bond Deal of the Year, Debut SSA Bond Deal of the Year, and High Yield Debt Deal of the Year. These awards celebrate the most innovative and transformative financial transactions across Africa.
John Harrison, Head of Editorial at Global Banking and Markets, emphasized the importance of recognizing exemplary deals that push boundaries in the financial world.
“We are delighted to announce that we will be bringing the industry back together for our Awards, which will be held at the Mount Nelson Hotel, Cape Town, on 26 March 2025,” Harrison stated.
According to a statement Eswatini Government’s listing on the JSE under the Protea Bond segment marked a significant milestone in its financial strategy. The Protea Bond programme allows foreign governments to issue South African Rand-denominated bonds on the JSE, providing unique opportunities for capital raising. The first issuance of R400 million under this programme has already begun to deliver tangible benefits to Eswatini.
Dr. Melvin Khomo, CBE Director Financial Markets, expressed his positive reaction to this prestigious recognition, underscoring the significance of the nomination for Eswatini’s financial standing.
The R4 billion listing has not only strengthened Eswatini’s financial standing but has also positioned the country as a key player in Africa’s sovereign debt market. The innovative Protea Bond programme offers Eswatini a platform to attract diverse investors while showcasing its commitment to financial growth and stability.