BoBCs move to boost BBS bond

The Bank of Botswana's recent decision to constrain Bank of Botswana Certificates (BoBCs) has provided fertile ground for Botswana Building Society's P250 million bond that is due in the market before year end.

With the country's commercial banks holding an additional P3 billion in liquidity following the Bank of Botswana's decision to trim BoBCs earlier this month, the P250 million bond provides a prime vehicle for a market hungry for investment opportunities.

Last week, BoB announced it had slashed outstanding BoBCs by P3 billion to P10 billion, stressing their cost and the need for banks to innovate "alternative bankable projects".

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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