Gaborone City Council Mayor survives no-confidence motion attempt

Bank of Botswana raises P2.8 billion for government, achieving lower borrowing costs

The Bank of Botswana successfully raised P2.8 billion in debt for the government during its latest notes auction on June 26. This achievement came with reduced borrowing costs across all securities offered. Of the total amount, P800 million was secured from longer-maturing bonds, though short-term Treasury Bills continued to be the primary focus of the monthly auctions. Analysis by Kgori Capital indicates that yields decreased across the board at the June 26 auction. The three-month Treasury Bill saw a significant drop of 104 basis points, and the six-month Treasury Bill fell by 95 basis points. Bond yields also declined, with the five-year paper notably decreasing by ten basis points.