Govt borrows P822m from local market

No Image

Government raised P822 million in borrowings from the local capital market recently, via the offer of a treasury bill and three bonds in an auction held on March 1, 2019.

Government borrows quarterly from the local capital market to fund the national budget and also develop the market’s capacity. 

On March 1, an amount of P350 million was offered under the six-month treasury bill, with total bids amounting to P548 million and the offer fully allotted. The three bonds, all existing papers which were being reopened, offered P500 million, P150 million and P100 million. 

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

Have a Story? Send Us a tip
arrow up