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
BDF visitation approval a welcome development

BDF camps are military camps, and there is a need for stricter rules and regulations to safeguard their operations as well as ensure the safety of civilians. Of course, military personnel are human, and they have relatives as well as girlfriends and boyfriends, but the fact remains that the BDF is responsible for ensuring national security and stability and, as such, will be one of the first targets in the event of possible attacks. The decision...

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