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ABOUT SSX - To promote the economic development of Swaziland through capital formation by developing and Maintaining a fair, orderly, transparent and efficient securities market.
Bonds are debt instruments issued by a borrower (company) in the form of a certificate that states the terms and conditions of borrowing. The certificate establishes the debt of the borrowers and their obligation to repay the lender a fixed amount (the principle) on a specified future date (the redemption date). It also specifies the interest (coupon) to be paid to the investor as stated intervals during the life span of the instrument. The interest payable is usually expressed as a percentage of the principal of the instrument and can either be a fixed or variable rate.