Gov�t raises P4bn on bond market

Friday, January 27, 2017

Government raised about P4 billion from the bond market in 2016 through Treasury Bills and tapping into existing issued bonds as treasury decided to entirely fund the forecast P6 billion budget deficit from domestic resources.

According to figures released by the Botswana Stock Exchange (BSE), tap issuances and new bond issuances, helped push the bond market capitalisation of listed bonds to P12.2 billion compared to P10.1 billion as at the end of 2015.

During the year 2016, Bank of Botswana (BoB), on behalf of government, held four bond auctions in which it raised a total of P2 billion from Treasury Bills and another approximately P2 billion issued bonds.

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