Mmegi

Bond market activity jumps

Guiding the market: BSE acting CEO, Kopano Bolokwe. The BSE is the primary platform for the bond market and has introduced several initiatives to boost both listings and secondary market activities
Guiding the market: BSE acting CEO, Kopano Bolokwe. The BSE is the primary platform for the bond market and has introduced several initiatives to boost both listings and secondary market activities

Activity in the traditionally quiet secondary bond market has ballooned this year, with the Botswana Stock Exchange noting a 66.7% increase in trades to P5 billion in the year to October 31, compared to the same period last year.

Bonds are financial instruments issued by government and corporates to borrow money from the market. Secondary market trades involve sales of bonds by those who bought the bonds at their original floating by issuers such as governments and corporates.

In a recent update covering the period between January and October 31, the BSE noted that the majority of bond market trades were associated with government bonds, which generated P4.9 billion in trades, with the balance involving corporate bonds. The sole sustainable bond on the BSE, listed by Absa Bank Botswana last year, recorded trades worth P4.5 million over the reporting period.


Editor's Comment
Doping needs our collective action

As such, we are now one step away from the shame of being labelled amongst the world’s worst offenders. This is a national embarrassment that demands an immediate, united response from every corner of our society. Pointing fingers is useless, we must all hold up our hands and play our part in the dealing with this matter.To our government and the Botswana National Sports Commission (BNSC), the call is for the to adopt decisive leadership and...

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