International Registered Stock
Listed on the Namibian Stock Exchange
The Bank of Namibia acts as an agent for the Government for the issue and redemption of IRS and maintains an electronic register that records details of each stockholder.
What this is
Capital market instruments
International Registered Stock (IRS) is capital market instruments issued for longer maturities i.e., for a period exceeding 12 months and holders may earn half-yearly interest (coupon).
How it works

Priority for lower yields
Allotments are made in an ascending order of yields with lowest yields receiving a priority.

Buy and/or sell bonds
Interested parties can opt to buy and/or sell bonds in issue on the NSX through qualified and registered stockbrokers.

Transfer IRS
The holder may like Treasury Bills, the holder may transfer IRS to any other person upon completion of a relevant transfer form issued by the Bank.

Grow your interest
Interest is payable on maturity.

Listed on NSX
IRS are listed on the Namibian Stock Exchange (NSX) where secondary trading can take place.

Availability
Investments are dependent on availability of Stock.