Gov't approaches local market for P1.8bn borrowings

Friday, May 22, 2020

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Government, through the Bank of Botswana (BoB), returns to the market next week seeking P1.85 billion from the domestic lenders, the largest amount it has pursued since September 2011.

The higher offer of bonds and a treasury bill by government is in line with government’s stated plan to focus on domestic sources to fund its P10.8 billion deficit for the 2020/21 budget.

The government, through the BoB, borrows quarterly from the local capital market mainly to develop the local market’s capacity, but increasingly to fund gaps in the national budget.

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Gov't approaches local market for P1.8bn borrowings

Government, through the Bank of Botswana (BoB), returns to the market next week seeking P1.85 billion from the domestic lenders, the largest amount it has pursued since September 2011.

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