Archive for May 12th, 2008

source: Sunday Standard
by Sunday Standard Reporter
11.05.2008 2:04:17 P

The Botswana Vaccine Institute (BVI) leapt to the market last week by issuing a P 70 million bond which is aimed at repositioning itself in the international markets as the most reliable supplier of livestock vaccine in Africa and other parts of the world.

The ten-year bond, which is part of the P 100 million that has been given a thumps-up by the Botswana Stock Exchange, will carry a coupon rate of 11.23 percent, paid semi-annually.

“This is the first in the world for a veterinary vaccine to issue a bond and it guarantees good quality,” the General Manager of BVI, George Matho, said at the celebration of the listing of the bond.
BVI, which was founded in 1980—through the assistance of IFFA and Merieux of France and Merial—currently controls 46 percent of the southern African market and has encroached on some of the [continue reading]