Absa lists BSE’s first green bond programme
Friday, October 06, 2023 | 1150 Views |
![Going green: The country has committed to reducing its carbon emissions by 15% in the next seven years PIC: PHATSIMO KAPENG](https://cdn4.premiumread.com/?url=https://www.mmegi.bw/mmegi/uploads/images/2023/10/06/88588.jpg&w=800&q=72&f=jpg&t=1)
Going green: The country has committed to reducing its carbon emissions by 15% in the next seven years PIC: PHATSIMO KAPENG
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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