mmegi

Yields rise as gov’t raises P1bn debt

Wary eye: Finance Minister, Peggy Serame is keeping watch on government’s escalating debt costs PIC: MORERI SEJAKGOMO
Wary eye: Finance Minister, Peggy Serame is keeping watch on government’s escalating debt costs PIC: MORERI SEJAKGOMO

The costs of government’s domestic borrowings continue to rise, with its latest foray into the capital market indicating average increases in yields of nearly 20 basis points.

The Bank of Botswana (BoB), acting as government’s agent in the capital market, raised an additional P1 billion in debt for the fiscus on August 26, through the auction of three bonds and two treasury bills.

The amount raised at the latest auction was 67% of the total P1.5 billion offered by the central bank to bidders at the auction, compared to 66% allotted in the July auction.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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