Govt to approach market for P450m

Friday, July 19, 2019

Bolokwe says the Association is waiting for more details on BW016

Government plans to debut a new bond at its forthcoming auction, which will seek to raise P450 million in borrowings from the local market, BusinessWeek has established.

The government, through Bank of Botswana, borrows quarterly from the local capital market mainly to develop the local market’s capacity but also to fund gaps in the national budget.

For the local market participants who bid for the right to lend to government, the bonds represent risk free, solid returns for investments.

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