Stampede as gov't raises P1.2bn in capital market

Moses Pelaelo PIC: PHATSIMO KAPENG
Moses Pelaelo PIC: PHATSIMO KAPENG

The recent auction of a six-month treasury bill and three bonds spurred strong demand amongst bidders, with government raising P1.29 billion in borrowings, the highest amount it has scored in eight years.

At the February 28 auction held by the Bank of Botswana (BoB), the bid to cover ratio, a measure of the demand amongst bidders, hovered above 2.0 across the treasury bill and three bonds. Experts believe a bid to cover ratio of above 2.0 indicates a successful auction with aggressive bids.

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

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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