NDB List P100m Bond

The bond issue, which was originated by Stanbic debt and capital markets department, will give NDB the platform to tap into cheaper sources of funding to enable it to assist in the economic development of Botswana, by extending cheaper loan facilities and services to fund seekers. At the listing ceremony, NDB chief executive officer Oaitse Ramasedi said he was excited about the issue, whose proceeds will be used to refinance short-term debt and fund the bank's strategy for the next five years.

The strategy will look at concentrating on the Small and Medium Enterprises (SMEs) in the spirit of poverty alleviation as the NDB complements government efforts to reduce the unemployment rate and improve economic welfare of Batswana.