Govt returns to market, seeks to borrow P1.25bn

Friday, November 22, 2019

New broom:New Finance Minister,Thapelo Matshekais onthe look out for funds

Government returns to the capital market on November 29 looking to borrow P1.25 billion via the auction of a treasury bill and three bonds, BusinessWeek has learnt.

The government, through Bank of Botswana, borrows quarterly from the local capital market mainly to develop the local market’s capacity, but also to fund gaps in the national budget.

The auctions of government notes are exclusively attended by primary dealers, who comprise some banks. The government paper represents risk free, solid returns for investment.

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