Scramble as gov't raises P1bn in borrowings

Bank of Botswana PIC: MORERI SEJAKGOMO
Bank of Botswana PIC: MORERI SEJAKGOMO

Government raised P1 billion through the recent auction of three bonds and a treasury bill, with commercial banks, who hold exclusive bidding rights, stampeding for the risk-free investment.

The June 1 auction was the government’s second appearance in the bond market this year, after the March auction which raised P497 million out of the P1 billion in treasury bills and bonds on offer.

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.

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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