The government plans to issue new sovereign debt later this month as it navigates increasing financial pressures. It aims to raise P3.6 billion through a bond auction scheduled for October 31, 2025.
Auction Details
The Bank of Botswana’s auction schedule outlines the structure of this issuance. It includes six distinct tranches designed to attract a range of investors. Three of these tranches are significant, each seeking P1 billion. The remaining three are smaller, P200 million reopenings of existing bonds.
Addressing Fiscal Demands
This move to the bond market underscores the government’s strategy to meet its financial obligations. By offering a mix of new and reopened bonds, the government seeks to optimize its fundraising efforts and manage its fiscal requirements effectively.
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