IFC plans P270m bond float by year-end

Friday, October 14, 2016

Participants at the BSE's market conference. PIC: MORERI SEJAKGOMO

The International Finance Corporation (IFC) is fine-tuning a $25 million (P270m) bond it intends to float in Botswana by year-end to be used for an as yet unnamed local investment by the World Bank unit.

The IFC, a member of the World Bank group, provides loans, equity and advisory services to the private sector in developing countries.

The float will be the IFC’s third in Africa under its Pan-African Domestic Medium Term Note Programme, which kicked off in Zambia in September 2013 with a $28 million note.

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