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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
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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