The Development Bank of Namibia has announced that it has settled DBN20, the first bond that it issued under its N$2.5 billion Medium-Term Note Programme listed on the Namibian Stock Exchange, which at maturity had 38 bondholders including 37 Namibian and 1 foreign entity. A press release issued by the bank explains that the bond matured on 4 September 2020 and settlement went smoothly and successfully. Since issuing DBN20, the Bank issued another three bonds which raised a total of N$500 million for lending to financially viable, environmental and socially acceptable projects with developmental impact and the Bank is currently the fourth largest issuer on the Namibian Stock Exchange outside of the Namibian Government and the largest issuer in the SOEs category.