AFDB mulls floating Pula bonds

Wednesday, May 27, 2015

The AFDB team met with Finance Minister Kenneth Matambo when they visited Botswana in February this year

The African Development Bank (AFDB) is pondering floating local currency denominated bonds in bid to deepen local capital markets, which are characterised by a lack of suitable long-term investments instruments.

In the Botswana 2015-2019 Country Strategy Paper (CSP) released last week, the development bank said it would explore the possibility of issuing Pula-denominated bonds to support deepening of the financial market.

“This would help to somewhat address the needs of institutional investors who are not only looking for more Pula assets but also longer dated investments.

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