Low uptake of GetBucks P200m bond

Getbucks is seeking funds to expand operations
Getbucks is seeking funds to expand operations

GetBucks Botswana’s effort to raise up to P200 million through a medium-term note (MTN) programme seems to have not aroused confidence from investors in the market. This week, the up-and-coming micro-finance company said its offers for the medium-term note programme that closed on Friday last week, amounted to P71.8 million.

The medium-term note, which opened on December 23, 2016, was intended to raise between P100 million and P200 million as a first tranche of the note.

In a statement issued this week, the company, which embraces technology as a means to provide financial products and services to customers, stated that the listing of the note is subject to GetBucks submitting all final documentation to the Botswana Stock Exchange (BSE). “Listing of the notes and commencement of trading will be on 17 February 2017,” the company said. A medium term note, according to Investopedia, is a note that usually matures in five to 10 years.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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