BY MBONO MDLULI
MBABANE – In a historic milestone for Eswatini’s financial sector, the listing of the R4 billion Government of Eswatini Bond on the Johannesburg Stock Exchange (JSE) has garnered international recognition.
The bond, issued under the Central Bank of Eswatini’s (CBE) “Protea Bond” programme, has been nominated for three prestigious categories at the Global Banking & Markets Africa Awards 2025.
The inaugural issuance of R400 million under this programme, hailed as groundbreaking, has earned a shortlist in the following categories:
- Sovereign, Supra & Agency Bond Deal of the Year
- Debut SSA Bond Deal of the Year
- High Yield Debt Deal of the Year
- Global Recognition for Financial Innovation
Global Banking and Markets, an esteemed international institution, praised the innovative nature of the bond issuance. The awards aim to highlight the most forward-thinking and impactful deals across sovereign, corporate, and financial institutions worldwide.
John Harrison, Head of Editorial at Global Banking and Markets, emphasized the significance of these awards, stating:
“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.”
Eswatini’s listing on the JSE under the Protea Bond segment—designed for foreign governments issuing South African rand-denominated bonds—has not only raised vital capital for national development but also positioned the country as a credible player in the global capital markets.
A Symbol of Financial Progress
Dr. Melvin Khomo, Director of Financial Markets at the CBE, expressed pride in the recognition:
“This nomination is a testament to Eswatini’s growing prominence in international financial markets. It underscores our ability to innovate and deliver solutions that meet global standards.”
The successful issuance of the R400 million bond has already begun to yield benefits, providing a platform for sustainable economic development while enhancing investor confidence in Eswatini.
A Bright Future for Eswatini
This achievement comes at a pivotal time, showcasing Eswatini’s commitment to fostering economic growth through innovative financial strategies. The Global Banking & Markets Africa Awards 2025, set for March 26, will shine a spotlight on Eswatini alongside other leading players in the global financial arena.
The nomination not only affirms the country’s financial resilience but also sends a powerful message to investors: Eswatini is open for business and ready to compete on the global stage.
