Scramble as gov't raises P1bn in borrowings

Friday, June 08, 2018

Government raised P1 billion through the recent auction of three bonds and a treasury bill, with commercial banks, who hold exclusive bidding rights, stampeding for the risk-free investment.

The June 1 auction was the government’s second appearance in the bond market this year, after the March auction which raised P497 million out of the P1 billion in treasury bills and bonds on offer.

Each quarter, the Bank of Botswana (BoB) holds auctions of bonds and six-month treasury bills on behalf of government under the P15 billion note issuance programme which dates back to February 2011.

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