FNBB raises P237m from capital market

Friday, November 13, 2015

First National Bank Botswana (FNBB) has raised P238 million from the debt market through tapping into its P1 billion-listed bond on the Botswana Stock Exchange (BSE).

In a statement, the bank said the funds would be used to finance its loan book and ensure compliance with Basel ll requirements, which kick in from January 2016.

The bank’s chief executive officer, Steven Bogatsu said the proceeds would be used to extend the term profile of the funding book as well as grow loans and advances.

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FNBB raises P237m from capital market

First National Bank Botswana (FNBB) has raised P238 million from the debt market through tapping into its P1 billion-listed bond on the Botswana Stock Exchange (BSE).