PrimeTime raises P105m for new projects

Tuesday, July 05, 2016

Property investment firm, PrimeTime Property Holdings has raised P105 million from the capital markets to fund its Pilane Crossing Mall project. In an announcement to the Botswana Stock Exchange (BSE), the company stated that on June 10, 2016 it issued two senior unsecured notes out of the P500 million domestic medium term note programme.

“The BSE has granted the issuer a financial instrument listing and the notes will be listed on the BSE on the 28th June 2016,” it said.

According to PrimeTime, offers were received for P196 million and the total issuance amounted to P105 million for both the five year floating rate note and the eight year fixed rate note.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

Black gold: Minergy is one of the MDCB’s investments through a convertible loan. The coal mine is eyeing a turnaround in fortunes this year PIC: MINERGYCOAL.COM

Faulty gadgets top complaints to BOCRA

Mbongeni Mguni | 15 h ago

Civil Society fights 'flawed' constitutional amendment

Innocent Selatlhwa | 2d ago

Civil Society calls for Constitution review governing Act

Innocent Selatlhwa | 2d ago

IEC rejects 2,513 registrations

Innocent Selatlhwa | 2d ago

Motshegwa prevails against detractors

Goitsemodimo Kaelo | 2d ago

Serowe woman ingests acid, attempts suicide

Pini Bothoko | 2d ago

Serowe man 'loses' P1m in trading

Pini Bothoko | 2d ago

The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...

The Monitor Editor | 23 April 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

PrimeTime raises P105m for new projects

The audacity to be a unicorn

Faulty gadgets top complaints to BOCRA

Civil Society fights 'flawed' constitutional amendment

Civil Society calls for Constitution review governing Act

IEC rejects 2,513 registrations

Motshegwa prevails against detractors

Serowe woman ingests acid, attempts suicide

Serowe man 'loses' P1m in trading

Inspect the voters' roll!