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Gov't seeks P3.1bn in fresh funding round

Capital central: While the BoB conducts the auctions, the Finance Ministry controls government’s domestic debt issuance programme
Capital central: While the BoB conducts the auctions, the Finance Ministry controls government’s domestic debt issuance programme

The Bank of Botswana (BoB) will next week seek P3.1 billion in debt for government, returning to the capital market after a bid for P750 million flopped recently, BusinessWeek has learnt.

The central bank’s inaugural inflation-linked bond, carrying a face value of P750 million, attracted seven bids worth only P220 million with demands for yields reaching as much as 10.5%. The BoB did not accept any of the bids.

The 21-year inflation-linked bond, first mulled two years ago, was expected to be sought after by the market as a hedge against inflation.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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