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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.

Editor's Comment
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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