Govt raises P545m debt

Each month, the Bank of Botswana raises debt for government through the issuance of bonds and treasury bills of varying maturities at auctions exclusively attended by some commercial banks.

At the last auction held on Friday, the central bank offered three bonds looking to raise P1 billion. Results of the auction indicate that bond BW013, which carried the shortest term on offer, attracted the most aggressive bidding, with a total amount allotted of P359 million against the P300 million on offer.