Gov’t trims debt target to P500m for March

Heart of the matter: The Bank of Botswana auctions government bonds and treasury bills monthly PIC: MORERI SEJAKGOMO
Heart of the matter: The Bank of Botswana auctions government bonds and treasury bills monthly PIC: MORERI SEJAKGOMO

Government, through the Bank of Botswana (BoB), will seek P500 million of debt from the market this Friday, representing the lowest amount it has sought in more than eight years.

According to a notice published this week, the BoB is due to offer three bonds ranging in maturity from five to 18 years, although technically, the central bank could add shorter-term treasury bills to the line-up of Friday’s auction or increase the allocations it makes on the three bonds.

The BoB, as government’s banker, conducts monthly auctions of short, medium and long term government treasury bills and bonds to primary dealers who are exclusively banks.

Editor's Comment
Keep your mask close

Wearing of masks behind closed doors has been mandatory following the government’s August decision that the public was freed from masking in outdoor spaces.According to a press statement from the ministry, all other remaining COVID-19 protocols such as social distancing in schools and requirements for vaccination or PCR tests at ports of entry have also been relaxed.Statistics still show that hundreds still die daily due to the pandemic around...

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