Mmegi

Gov’t raises P1.3bn debt

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


Editor's Comment
The Boko-led administration has to tread carefully

‘When you make peace withyourself, you make peace with the world’- Maha GhosanandaThis may come at a huge cost if not handled properly. What started off on Labour Day in Letlhakane this year, where Boko was in attendance when the militant lawyer-cum-trade unionist, Robert Rabasimane rebutted the President’s address in defence of the trade union has seemingly spiralled out of control. The issue is now creating a cat-and-mouse type of a...

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