Stanbic taps bond market for P200m

Tuesday, May 23, 2017

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.

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Stanbic taps bond market for P200m

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

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