Stanbic taps bond market for P200m

Stanbic Bank Botswana
Stanbic Bank Botswana

Stanbic Bank Botswana is seeking to raise upto P200 million from the capital market by issuing two tranches of notes.

In the first tranche, the bank seeks to raise P140 million through a subordinated unsecured floating rate note, maturing on the June 15, 2027 while the second tranche involves P 60 million.

“The Botswana Stock Exchange has approved the listing of the two tranches of notes on the bourse as of 15th June 2017,” the bank said.

Editor's Comment
Prosecutors deserve better

These legal professionals, who are entrusted with upholding the rule of law, face numerous challenges that compromise their ability to effectively carry out their duties.Elsewhere in this edition, we carry a story on the lamentations of the officers of court.The prosecutors have raised a number of concerns, calling for urgent attention from all relevant stakeholders, including the President, Minister of Justice and the Attorney General. Their...

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