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Gov’t raises P1.3bn debt

Friday, March 01, 2024 | 480 Views |

At the helm: Dekop says more sustainable debt should be raised in the country PIC: PHATSIMO KAPENG

The Bank of Botswana (BoB) raised P1.28 billion in debt for government recently, as a stampede by bidders meant yields continued to fall in the monthly auction of Treasury Bills and bonds.

The auction on February 23 saw bids worth P1.2 billion for a P400 million, three-month Treasury Bill (T-Bill) and bids worth P1.9 billion for the P450 million offered under the six-month T-Bill.

The three bonds on offer, with maturities ranging from 2029 to 2043, attracted more moderate bidding but were all equally oversubscribed.

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Gov’t raises P1.3bn debt

The Bank of Botswana (BoB) raised P1.28 billion in debt for government recently, as a stampede by bidders meant yields continued to fall in the monthly auction of Treasury Bills and bonds.