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 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.
‘A man’s country is not a certain area of land, of mountains, rivers, and woods, but it is a principle and patriotism is loyalty to that principle’.- George William CurtisAccording to the report carried in this publication, the fraudsters operating the so-called “dark fleet” have selected Botswana’s flag as their cover of choice. This is a direct assault on our country’s most valuable asset, the good name.For decades, Botswana has...