BSB seeks P1bn in debt programme

BSB building PIC: MORERI SEJAKGOMO
BSB building PIC: MORERI SEJAKGOMO

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
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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