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Gov't targets P2bn in latest debt funding bid

Friday, January 28, 2022 | 410 Views |

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.

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Gov't targets P2bn in latest debt funding bid

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.