Gov't approaches capital market to borrow P1.15bn

Friday, May 25, 2018

Bank of Botswana governor, Moses Pelaelo. The central bank conducts auctions of government bonds every 3 months

Government makes its quarterly appearance in the capital market on June 1, looking to borrow P1.15 billion through three bonds and a treasury bill, BusinessWeek has learnt.

Each quarter, the Bank of Botswana (BoB) holds auctions of bonds and six-month treasury bills on behalf of government under the P15 billion note issuance programme which dates back to February 2011.

While the funds raised at the auctions are generally used for government budgetary support, the note issuance programme is also designed to develop and support the local capital market.

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Gov't approaches capital market to borrow P1.15bn

Government makes its quarterly appearance in the capital market on June 1, looking to borrow P1.15 billion through three bonds and a treasury bill, BusinessWeek has learnt.

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