BSB seeks P1bn in debt programme

Typically, issuers use note programmes to float bonds of smaller denominations to the market at regular intervals determined by the issuers’ funding needs.  At present, the only state-owned entities with outstanding bonds on the local market include the Botswana Development Corporation, the Botswana Housing Corporation and the Water Utilities Corporation.

Government typically approves the note programme from which the entity then approaches the market with various bonds seeking capital from investors.