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Absa lists BSE’s first green bond programme

Going green: The country has committed to reducing its carbon emissions by 15% in the next seven years PIC: PHATSIMO KAPENG
Going green: The country has committed to reducing its carbon emissions by 15% in the next seven years PIC: PHATSIMO KAPENG

Absa Bank Botswana has successfully listed a P2 billion note programme on the Botswana Stock Exchange (BSE) exclusively aimed at funding green and social projects, a move towards the first sustainability issuance on the local bourse.

The development is a triumph for the BSE, which has been advocating for sustainability issuances and last year offered a 25% discount on listing fees for issuers.

By listing its note programme, Absa Bank Botswana is now in a position to regularly float bonds up to an aggregate of P2 billion. Documents filed with the BSE show that the bonds will be used for green, social, and sustainability bonds, fixed-income debt instruments designed to finance environmental or social impact projects.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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