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
Routine child vaccination imperative

The recent Vaccination Day in Motokwe, orchestrated through collaborative efforts between UNICEF, USAID, BRCS, and the Ministry of Health, underscores a commendable stride towards fortifying child health services.The painful reality as reflected by the Ministry of Health's data regarding the decline in routine immunisation coverage since the onset of the pandemic, is a cause for concern.It underscores the urgent need to address the...

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