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

Friday, March 21, 2025 | 630 Views |

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

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.

Govt inks $4bn renewable energy deal with Indian firm

Detained Mexican 'Drug Kingpins' wanted in Mozambique

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Intervene early, don't rely on death penalty—Boko

Micro-procurement maze demands urgent reform

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Micro-procurement maze demands urgent reform