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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
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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