BSE Acting CEO Kopano Bolokwe
Gov’t raised 7.8bn
41 new corporate bond listings raise P1.7bn
Government bond issuances through Bank of Botswana (BoB) auctions have raised P7.8 billion as bond trading nearly doubled in 11 months to October 2024, the Botswana Stock Exchange (BSE) revealed.
Corporate bond trades have more than doubled in comparison to the corresponding period in 2023 with BSE disclosing that it recorded 41 new corporate bond listings raising P1.7 billion in capital.
BSE said the total of P9.5 billion raised is a testament to the significant value generated through bond issuances, led by a 98.4% rise in the trading of Government bonds, constituting 84.2% of bond market capitalisation.
The total market capitalisation has risen significantly by 34.4% in 2024, to P36.7 billion from P27.3 billion.
BSE said the secondary market activity on the sustainable bond market remains on a steady incline with October marking the second month that trades have been recorded in that segment.
“The magnitude of the recent trades is three times the initial value traded in June, signifying increased demand and liquidity in the market,” BSE said.
“Total trades amounted to P5.0 billion compared to P2.5 billion in the same period in 2023.”
“Overall, the total bond trades in 2024 thus far, have significantly surpassed the total bonds trades for the full year in 2023 which amounted to P3.0 billion, marking a 66.7% increase.”
At the close of October, the number of listed debt instruments totalled 126 and comprised seven Government Bonds, 96 Corporate Bonds, 22 Commercial Papers and 1 Sustainable Bond.
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