BSB seeks P1bn in debt programme


Botswana Savings Bank (BSB) will soon approach the market with a P1 billion note programme, as the bank aims to expand its loan book by 30% and achieve its statutory mandate of providing inclusive financial services.

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.

Editor's Comment
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

Have a Story? Send Us a tip
arrow up