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Yield demands climb at gov’t debt auctions

Friday, December 05, 2025 | 80 Views |

Tough task: The Finance Ministry needs to raise funding, while keeping government’s borrowing costs stable

Government is facing upward pressure on its borrowing costs, as lenders at its monthly debt raising activities in the capital market demand increasingly higher returns, BusinessWeek trend analysis shows.

According to figures published by the Bank of Botswana (BoB), which is government’s agent in the capital market, the highest bid received for the various bonds offered in the monthly auctions has been ticking up over the months.

Whilst the central bank does not automatically accept the highest bid received and, in fact, nearly always rejects it, the rising rates indicate how the market is pricing government debt.

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Yield demands climb at gov’t debt auctions

Government is facing upward pressure on its borrowing costs, as lenders at its monthly debt raising activities in the capital market demand increasingly higher returns, BusinessWeek trend analysis shows.

Defence objects psychologist's testimony in UB rape case

FMD cases suspected in North-East

Mzwinilas get assets, passports back

Montsosa axed from Masaasele after gagged Con Court show

Forex powers banks' non-interest earnings

Sunbet Botswana donates P278,000

Kon’nichiwa to Rhodes Quality Extra Fruit Jam

Parents roped in as defilement, missing persons cases rise

Child protection needs more than prevailing laws