Gov't targets P2bn in latest debt funding bid

In the middle: BoB governor, Moses Pelaelo. The central bank conducts debt auctions on behalf of government PIC: THALEFANG CHARLES
In the middle: BoB governor, Moses Pelaelo. The central bank conducts debt auctions on behalf of government PIC: THALEFANG CHARLES

Government, through the Bank of Botswana (BoB), will aim to raise P2 billion in debt this Friday, when it returns to the capital market for the first time this year.

The BoB, as government’s banker, conducts monthly auctions of treasury bills as well as bonds to primary dealers who are exclusively banks.

At the auctions, the dealers compete to lend to the government by offering the yields they are seeking, with the BoB deciding the ‘stop-out’ yield or the level of ‘interest’ it is willing to pay the dealers on particular securities on offer.

Editor's Comment
Tighten the law on drug dealers

Our youth are perishing; their once hopeful bright future is going down the drain; all because of illicit drugs.It is very easy to blame the addict, but it is not as simple as that! Drug dealing is a very lucrative business for some shameless people amongst our society and as such they have come up with tight strategies on how to push their business.Drug addiction is bad, and while the individual on drugs sometimes might have been the one who...

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