IFC issues P260m bond to fund Botswana firms

Deepening markets: The BSE will list the IFC bond on December 13, 2017
Deepening markets: The BSE will list the IFC bond on December 13, 2017

The International Finance Corporation (IFC), an arm of the World Bank, will next week list a P260 million bond on the Botswana Stock Exchange (BSE) as part of efforts to drive Pan-African private investments.

The bond would be the first listing by a multilateral institution on the local bourse.

“The issuer seeks to bring together domestic and foreign private capital and experienced management and thereby create conditions conducive to the flow of private capital (domestic and foreign) into productive investments in its developing member countries.

Editor's Comment
Botswana must not be a flag of convenience for rogues

‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...

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