Gov't approaches capital market to borrow P1.15bn

Government makes its quarterly appearance in the capital market on June 1, looking to borrow P1.15 billion through three bonds and a treasury bill, BusinessWeek has learnt.

Each quarter, the Bank of Botswana (BoB) holds auctions of bonds and six-month treasury bills on behalf of government under the P15 billion note issuance programme which dates back to February 2011.

While the funds raised at the auctions are generally used for government budgetary support, the note issuance programme is also designed to develop and support the local capital market.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

Have a Story? Send Us a tip
arrow up