BSE approves Access’ P2bn note programme

Wednesday, July 05, 2023 | 750 Views |

Raising funds: Access Bank will from time to time float bonds under the note programme PIC: ACCESS BANK FACEBOOK

The Botswana Stock Exchange (BSE) has granted Access Bank Botswana approval for a P2 billion note programme under which the bank will occasionally seek debt from the capital market.

In a market notice recently, Access Bank said the proceeds of notes issued from the programme would be channelled towards “ongoing normal operations” unless otherwise stated.

Once Access Bank issues its first notes from the programme, it will join several other banks who have outstanding bonds in the local capital market, such as Botswana Savings Bank, First Capital, Stanbic and Standard Chartered Bank.

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