BHC to float P300m bond

Friday, July 20, 2018

Botswana Housing Corporation (BHC) is finalising a new P300 million bond, proceeds of which will be used to fund the parastatal’s various developments around the country.

Currently the Corporation is engaged in the construction of 138 densification flats in Phase 4, 107 in Village and 11 in Extension 11 in Gaborone as well as 100 houses in Tati Siding, 50 in Tutume, 99 in Palapye and 18 in Tonota. The BHC is also due to build 100 houses in Maun, Letlhakane and Tsabong.

The Corporation’s CEO, Reginald Motswaiso confirmed the latest developments in an interview with BusinessWeek. “We are already in talks to float a new bond that would be used to address accommodation challenges across the country,” he said.

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BHC to float P300m bond

Botswana Housing Corporation (BHC) is finalising a new P300 million bond, proceeds of which will be used to fund the parastatal’s various developments around the country.