BSB raises P192m from capital market

Standing tall: The BSB has its eyes on growth
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.

Editor's Comment
Consult, get buy-ins first for 6 to 6 policy, Hon Minister

While the minister is of the view that the proposal would have significant positive economic impact, the entertainment industry players believe otherwise. The issue has over the weeks become a hot potato. But what is of essence right now is that the country needs liberal ideas to move in the right direction While opening up the economy may sound quite interesting to the ear, rolling out extended trading hours through pilot programmes without...

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