Stanchart Launches Offshore Fixed Income Product

Peter McC van Riet-Lowe.PIC: KENNEDY RAMOKONE
Peter McC van Riet-Lowe.PIC: KENNEDY RAMOKONE

Standard Chartered Bank Botswana has launched an offshore fixed income proposition, which offers investors opportunity to directly access a range of investment grade bonds issued by corporates and sovereigns.

The bank is the first in the market to make these investment instruments available to retail customers through a local distribution channel.

Biswaroop Barua, group head of credit products at Standard Chartered Bank Singapore said the primary purpose of offering fixed income instruments is to service clients who typically have a low-to-medium risk appetite.

Editor's Comment
Botswana at a critical juncture

While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...

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