BDC borrows P131m to finance new projects

Friday, October 06, 2017

BDC Managing Direction Bashi Gaetsaloe is driving the new investment strategy

The Botswana Development Corporation (BDC) has borrowed a total of P131 million from the bond market; funds they will use for new projects as well as refinance existing loan facilities.

BDC has used its shares in Cresta, Letlole La Rona and Sechaba as security for the issued bonds after it failed to secure a government guarantee on the bond in September last year.

Listing of the issued notes has been approved by the Botswana Stock Exchange and was registered on the bourse’s bond platform on September 29, 2017.

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