Mmegi

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.

Editor's Comment
Two-tier education system demands action

Whilst we join Botswana Sectors of Educators Trade Union (BOSETU) and other stakeholders in commending the rise in top grades, a testament to the unwavering effort of many teachers and pupils, this progress is fundamentally shadowed by a failing that shames our society. The stark, persistent urban-rural divide is not just a statistic, but an active betrayal of thousands of young Batswana.The figures are a damning indictment. When pass rates in...

Have a Story? Send Us a tip
arrow up