Stanbic raises P150m through bond placement
Friday, March 24, 2023 | 290 Views |
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.
The recent disclosure by the IEC that 2,513 registrations have been turned down due to various irregularities should prompt all Batswana to meticulously review the voters' rolls and address concerns about rejected registrations.The disparities flagged by the IEC are troubling and emphasise the significance of rigorous voter registration processes.Out of the rejected registrations, 29 individuals were disqualified due to non-existent Omang...