Bond market improves in Q3

26th October 2017
BSE CEO: Thapelo Tsheole. Source:The Midweek Sun


By Sun Reporter - Reporter

The bond market has improved in the third quarter of 2017 compared to the same period in 2016, says the recently released market status report for the period ended September 30th. According to the report by Botswana Stock Exchange, the value of bonds traded during the year-to-date period was P273.0 million compared to P240.6 million traded during the same period in 2016.

The report shows that, “Bank of Botswana (BoB), on behalf of Government, held three bond auctions during the period under review. In the bond auction on 3 March, 2017 additional tranches of the BW005 (P100 Mn allotted), BW007 (P42 Mn allotted), BW008 (P150 Mn allotted) and BW012 (P100 Mn allotted) bonds and a Treasury Bill of P770 Mn were offered.

“At the 2 June, 2017 Government bond auction, during which P901 Mn was raised, four bonds were re-opened and a P500 Mn Treasury Bill was issued.” The bonds that re-opened were BW005 (P50 Mn allotted), BW007 (P26 Mn allotted), BW008 (P183 Mn allotted) and BW012 (P142 Mn allotted).

On 1 September 2017, yet another Treasury-Bill was issued along with additional tranches of five Government bonds. The T-Bill offered amounted to P500 Mn and it was fully allotted. The reopening of the five Government bonds BW005 (P50 Mn), BW007 (P100 Mn), BW008 (P100 Mn), BW011 (P150 Mn) and BW012 (P100 Mn) were all oversubscribed and subsequently fully allotted.

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