Botswana Building Society gears to issue P75 million bond

source: Sunday Standard
by Sunday Standard Reporter
18.11.2007 4:02:18 P

The Botswana Building Society (BBS), the titanic mortgage-lending bank, is to issue P 75 million bond in the coming months in a bid to match–up the rising appetite in the market, especially in the home-ownership bracket.

By Friday, the details of the bond were still kept under wraps; however, the organization confirmed that the initiative “is in the pipe-line”. Top management and their consultants were understood to be still courting potential investors and it was said to be closer to be concluded.
“I can confirm that we are in the process of issuing P 75 million bond largely because we are facing an upsurge in mortgage applications,” spokesperson for the bank, Sipho Sowa, said.

The latest bond initiative is the third in the history of [continue reading]



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