BSB raises P192m from capital market

Thursday, January 19, 2023 | 1160 Views |

Standing tall: The BSB has its eyes on growth

Botswana Savings Bank (BSB) has raised P192 million through the recent private placement of four bonds, with the funds due to help its growth and target of boosting its loan book by 30%.

The bonds, which were privately placed with investors, are part of the BSB’s P1 billion note issuance programme announced last March.

According to a series of announcements made on the Botswana Stock Exchange, the BSB raised P82 million, P60 million, P30 million and P20.5 million in different maturing bonds carrying both fixed and floating rates.

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BSB raises P192m from capital market

Botswana Savings Bank (BSB) has raised P192 million through the recent private placement of four bonds, with the funds due to help its growth and target of boosting its loan book by 30%.