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Stanbic raises P150m through bond placement

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

Editor's Comment
Rising abortion figures demand urgent action

Instead, they should serve as a warning to health authorities, community leaders, and policymakers that something is not right. According to the Palapye District Development Committee’s latest report, 130 abortion cases were recorded between April and June 2026.On the face of it, the overall figure may represent a decline from the preceding quarter. However, going deeper into the figures, the monthly trend tells a different and more worrying...

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