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BDC borrows P131m to finance new projects

BDC Managing Direction Bashi Gaetsaloe is driving the new investment strategy
BDC Managing Direction Bashi Gaetsaloe is driving the new investment strategy

The Botswana Development Corporation (BDC) has borrowed a total of P131 million from the bond market; funds they will use for new projects as well as refinance existing loan facilities.

BDC has used its shares in Cresta, Letlole La Rona and  Sechaba as security for the issued bonds after it failed to secure a government guarantee on the bond in September last year.

Listing of the issued notes has been approved by the Botswana Stock Exchange and was registered on the bourse’s bond platform on September 29, 2017.

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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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