Mmegi

BoB eyes record P5.1bn debt for gov't

Tough task: The BoB is the government’s 
agent in an increasingly expensive and tightening capital market 
PIC: MORERI SEJAKGOMO
Tough task: The BoB is the government’s agent in an increasingly expensive and tightening capital market PIC: MORERI SEJAKGOMO

The Bank of Botswana (BoB) returns to the capital market next week seeking a record P1.5 billion in debt for government, the highest-ever in a single auction, as the country’s public finances tighten.

Prior to the January 30 auction the highest amount ever sought by the central bank in its monthly forays into the capital market was P4.6 billion in January 2025.

Under government’s P55 billion domestic note issuance programme, the BoB floats bonds and Treasury Bills (TB) each month to raise debt for government in the capital market. At the auctions, primary dealers, who are exclusively banks, compete to lend to the government by offering the yields or returns they are seeking.

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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