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Yields rise as gov’t raises P1bn debt

Friday, September 02, 2022 | 540 Views |

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.

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