GOV'T prepares to float P1.9 billion bond

Since the 2008/09 Budget, government has issued four bonds worth P3.1 billion, all of which have been oversubscribed by a liquid market desperate for investment vehicles. The 2008 bond issuance programme was designed to boost capital market activities, reduce the cost of the Bank of Botswana Certificates, and facilitate planning for Government's investment in large-scale development projects under NDP 10.

On Friday, Bank of Botswana Deputy Governor, Oduetse Motshidisi told Monitor that the P1.9 billion bond was due to be floated on the market "within a week's time."