Govt completes P5B bond programme

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The Bank of Botswana held an auction of Botswana government bonds and treasury bills on Friday which was oversubscribed bringing to an end the P5 billion bond issuance programme initiated in 2008.

The bonds were unique as it marked the maiden issuance of a new, longer dated 15-year-bond, providing the much needed benchmark for long term borrowings. Bank of Botswana auctions government bonds and treasury bills every six months, in March and September, and the auctions are open to members of the public.
The results of the auction indicated an oversubscription on all the bonds with the 6 month treasury bill fully allotted at P 800 million and oversubscribed by P 400 million.

The 2 year bond was fully allotted at P 200 million against P 301 million of total bids received, the  5 1/2 years was slightly under allotted, with P 192 million of the intended BWP 200 million being allotted, while the maiden 15 year bond was heavily under allotted, with only P 195 million of the P 700 million on offer being allotted, despite total bids received being P 824 million.

Editor's Comment
Congratulations Anicia Gaothuse!

The contest had 10 beautiful young girls as finalists and unfortunately only one could wear the crown.The judges picked Anicia Gaothuse. To all those who feel their contestant should have won ahead of Anicia for whatever reason, hardly; the judges found Anicia to be the best among the best, so desist from disrespecting our newly crowned queen on social media or anywhere else, for that matter! Each of the 10 beautiful young women had supporters...

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