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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
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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