Treasury Bills
Short-term +discounted investment solution
A Treasury Bill is a short-term obligation that is not interest-bearing (it is purchased at a discount). It can be traded on a discount basis for 91 days.
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Tax free
Interest earned is tax free in the name of an individual.
Discount basis
Instruments are traded on a discounted basis.
Flexible investment period
Investments can be made for any period up to 365 days.
Grow your interest
Interest is payable on maturity.
Obtain foreign bills
Investments are dependent on availability of bills.
Negotiate rates
Rates are negotiated on application.
How it works
Issued on discount basis
These Bills are issued on a discount basis, currently with initial maturities of 91, 182 and 365 days. This means that income from investing in TBs, at the primary issue, is the difference between the offer (or purchase) price and the nominal (also called face or maturity) value. The Bank of Namibia acts as an agent for the Government.
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