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PrimeTime raises P105m for new projects

Prime Plaza
Prime Plaza

Property investment firm, PrimeTime Property Holdings has raised P105 million from the capital markets to fund its Pilane Crossing Mall project. In an announcement to the Botswana Stock Exchange (BSE), the company stated that on June 10, 2016 it issued two senior unsecured notes out of the P500 million domestic medium term note programme.

“The BSE has granted the issuer a financial instrument listing and the notes will be listed on the BSE on the 28th June 2016,” it said.

According to PrimeTime, offers were received for P196 million and the total issuance amounted to P105 million for both the five year floating rate note and the eight year fixed rate note.

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Editor's Comment
Celebrate responsibly, put safety first this holiday

“Safety first is safety always”– Charles M HayesAs most people begin travelling across the country to spend the President’s Holidays with family and friends, there is every reason to embrace the joy and togetherness that this period brings.While holiday periods bring joy, they are sadly often accompanied by a rise in road accidents, violent incidents and other avoidable tragedies. Too often, families that set out to celebrate together end...

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