mmegi

Stanbic raises P150m through bond placement

Friday, March 24, 2023 | 290 Views |

Tapping the market: Stanbic recently closed its private placement for P150 million with local investors

Stanbic Bank Botswana recently raised P150 million through the private placement of a five-year bond, the second largest debt note the bank has sought under its P2 billion issuance programme.

The latest bond, which carries a 9.15 percent fixed rate and matures in March 2028, was listed on the Botswana Stock Exchange (BSE) last week. With the placement, Stanbic now has nine outstanding bonds issued under its P2 billion programme, which dates back to May 2008.

In a market circular issued by the BSE, Stanbic said the latest bond’s proceeds would be for “general corporate use,” a broad description which analysts said could touch on treasury activities.

Already have an active account? Log in here.

Or Sign up and get unlimited access to premium articles.

'I was deceived'

Larona Makhaiza | 9 h ago

Fierce battle looms in BPF Nata-Gweta primaries

Chakalisa Dube | 16 h ago

BPF to win all Serowe constituencies

Innocent Selatlhwa | 16 h ago

BDP councillor withdraws candidacy, decries voters roll manipulation

Tsaone Basimanebotlhe | 16 h ago

BDP primaries: More fireworks, twists and turns

Tsaone Basimanebotlhe,Goitsemodimo Kaelo | 16 h ago

Choppies' P1m Olympic incentive

Calistus Kolantsho | 18 h ago

Masole gears for third Chess Olympiad

Calistus Kolantsho | 18 h ago

Wildebeests on the cusp of rugby history

CALISTUS KOLANTSHO | 18 h ago

BDP primaries leave a lot to be desired

The BDP as a party known to have ample resources has always held its primaries well in time, but this time around that was not the case. The first leg of the primaries was held last weekend, with the final leg being billed for the coming weekend. This time around, the BDP failed to shine in its primary elections. The elections were chaotic; most if not all polling stations didn't open at the specified time of 6am. Loyal BDP members braved the...

The Monitor Editor | 22 July 2024

About us

Mmegi is the leading independent source of breaking news, latest news, current
affairs, Politics, Business, Sport, debates, analysis, and entertainment news in Botswana.

Explore

More

Stanbic raises P150m through bond placement

Stanbic Bank Botswana recently raised P150 million through the private placement of a five-year bond, the second largest debt note the bank has sought under its P2 billion issuance programme.