Namibia aims to retire two-thirds of its USD 750 mln Eurobond maturing in 2025 by utilizing a sinking fund. The plan involves allocating 3.5 bln Namibian dollars for FY24-25 and an additional 2 bln Namibian dollars the following year to repay USD 500 mln of the bond. The strategy is designed to mitigate the refinancing risks associated with the high-interest-rate environment, with the remaining bond portion set for refinancing through a cost-effective financial instrument in FY25-25.