Eswatini seeks to borrow 3.79 billion emalangeni
By the AFREEQUE newsroom, based on Times of Eswatini
The Eswatini government is seeking 3.79 billion emalangeni in loans through three Bills tabled in Parliament by Finance Minister Neal Rijkenberg. The first provides for up to 1.6 billion emalangeni from Standard Bank of South Africa and other lenders to finance infrastructure and social projects, according to the Times of Eswatini.
The Eswatini government is seeking to borrow up to 3.79 billion emalangeni through three Bills tabled in the Assembly by Finance Minister Neal Rijkenberg on Thursday 29 October. The first provides for a loan of up to 1.6 billion emalangeni from Standard Bank of South Africa and other lenders to finance infrastructure and social development projects, the Times of Eswatini reports.
Standard Bank of South Africa would act as lead arranger and sole bookrunner for the financing. The loan would carry an annual margin of 4.95%, calculated according to the terms of the agreement on the ZARONIA reference rate, as well as arrangement fees representing 1.30% of the facility’s total amount.
Eswatini’s public debt stood at 43.04 billion emalangeni on 29 September 2026, equivalent to 41.63% of gross domestic product. It comprised 22.82 billion emalangeni in domestic debt and 20.22 billion in external debt, according to the Times of Eswatini.
