Mmegi

Gov't seeks P3.1bn in fresh funding round

Capital central: While the BoB conducts the auctions, the Finance Ministry controls government’s domestic debt issuance programme
Capital central: While the BoB conducts the auctions, the Finance Ministry controls government’s domestic debt issuance programme

The Bank of Botswana (BoB) will next week seek P3.1 billion in debt for government, returning to the capital market after a bid for P750 million flopped recently, BusinessWeek has learnt.

The central bank’s inaugural inflation-linked bond, carrying a face value of P750 million, attracted seven bids worth only P220 million with demands for yields reaching as much as 10.5%. The BoB did not accept any of the bids.

The 21-year inflation-linked bond, first mulled two years ago, was expected to be sought after by the market as a hedge against inflation.

Editor's Comment
Human rights are sacred

It highlights the need to protect rights such as access to clean water, education, healthcare and freedom of expression.President Duma Boko, rightly honours past interventions from securing a dignified burial for Gaoberekwe Pitseng in the CKGR to promoting linguistic inclusion. Yet, they also expose a critical truth, that a nation cannot sustainably protect its people through ad hoc acts of compassion alone.It is time for both government and the...

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