BSE approves Access’ P2bn note programme

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

Editor's Comment
Gov't must guard against cadre deployment

As the Botswana National Front (BNF) discusses a policy to place suitably qualified members in strategic positions, the guiding consideration should remain whether an individual is the best person to serve the country. There is nothing wrong with qualified party members applying for public positions. Political affiliation should neither disqualify a capable candidate nor give them an advantage over others. Every Motswana deserves a fair...

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