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
CAF is a joke, but...

We are told of massive spin-offs for hosting countries, which we assume was the catalyst behind putting in the bid.We are not too sure if it is a one-size fits all, where any hosting nation reaps the benefits or it’s on a case-by-case basis.There are arguments from both ends, with hosting a sure way to accelerate infrastructure development and a guaranteed cash flow during the 30-days of the tournament.There is a bump in employment creation...

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