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.

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A collective responsibility to end FMD spread

As cases continue to threaten herds and rural livelihoods, one simple but critical action can make a powerful difference: strictly adhering to FMD regulations, including refraining from slaughtering cloven-hoofed animals.Cloven-hoofed animals, such as cattle, sheep, goats, and pigs, are highly susceptible to FMD. Slaughter, especially during outbreaks or restricted periods, significantly increases the risk of spreading the virus through...

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