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.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up